Midweek trading was limited following the 4th of July holiday in the US yesterday. Packers and other sellers have received less interest than last week but bids are steady to last week’s sales or a bit lower. Sellers do not have much to offer after the good volume of sales activity over the past few weeks. Some packers have sold steers at special price levels to their regular buyers. Buyers continue to hold concern over lacking leather demand and poor leather prices. With the macroeconomic outlook remaining bearish due to high inflation and geopolitical tension, hide market players do not foresee significant improvement to hide demand nor prices in the near-term.
Cured and Wet Blue Export Shipments by Selected Countries — Through June 22
…
01.15.2025
DOE, USDA release updated GREET, CSA models
On Wednesday January 15, the US Department of Energy (DOE) released the long-awaited update to the Greenhouse Gases, Regulated Emissions and Energy Use in Transportation (GREET) model, now called...
01.15.2025
US animal fats and oils markets climb, tracking gains in vegoils, energy complex
After a relatively slow start to the week, trading in the US animal fats and oils markets gained momentum on Wednesday January 15, driven by developments in the macroeconomic...
01.15.2025
Limited trade keeps most animal protein prices flat; December NOPA crush pressures soybean meal
Limited trade volume was reported to Fastmarkets on Wednesday January 15, with most US animal protein trade prices remaining rangebound for the day, according to market sources.
The...