Trading was steady midweek and more volume is expected to be traded in the second half of the week. Additional seller offers were released last night which brought interest from various countries including Korea. Korean tanners have been relatively quiet over the past few weeks.
Split prices have stabilized this week for US steers, averaging around 5000 RMB per metric ton, after a few weeks of dropping prices.
The United Auto Workers (UAW) strike continues as several workers hold their stance in opposition of the deals made by the Big 3 automakers. Voting on the contract is ongoing, but there has been a considerable amount of disapproval from UAW members.
October Truck Sales Track Above 2016 – 2019 Monthly Average Levels
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...