Steer and heifer trading were reported today. Steer hides remain unchanged from last traded levels, but Branded Heifers were booked up $6. With little supplier offers, business was at limited volumes. Some buyers have strong demand which justifed paying for material at current or higher prices, but other buyers were not able to keep paying at the current market. Buyer resistance is growing.
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending July 22, export sales for 2021 marketing year decreased 31 percent to 439,361 from 634,086 and shipments decreased 23 percent to 550,859 from 711,115. Sales for marketing year 2021 totaled 15,161,471—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 638,825, total export sales were 522,809 and total export shipments were 509,135.
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...