Buyers have been quiet this week with the exception of automotive tanners that are looking for heavy native steers (HNS) and butt branded steers (BBS). HNS traded $0.50 down from yesterday and most sellers are in low supply of the material. BBS sold $1 higher than last traded but sellers stated the incoming production of BBS and Colorado branded steers are likely to be firm in the fall months.
A big packer released their offer list for this week with several items available with September and October shipment.
A few processors reported difficulty to sell cow hides and they had not seen much demand from automotive tanners.
Cured and Wet Blue Export Shipments by Selected Countries — Through July 27
…
09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...