09.20.2024
BOHO spread reaches two-month high
The BOHO spread rose sharply on Friday September 20 to its highest since late July, as October soybean oil futures on the Chicago Mercantile Exchange traded higher and ultra-low-sulfur...
**Please note – Lexi Watts is out of the office until Monday, December 11th. In her absence please contact Ryan Capozziello at [email protected]**
There was minimal trading activity for hides Wednesday, with only two trades reported. Market participants have observed that the cow market has remained steady with no significant changes to report. Sources reported a trade on jumbo butt branded steers, dropping $1.50, while another trade was reported for jumbo Colorado branded steers, decreasing $1.00 from yesterday’s price levels.
Price Comparison – Northern Cows 2022-2023
When comparing the prices of Northern Cow hides from this year to 2022, there are noticeable fluctuations. Based on the chart below,…