05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
Midweek trading was at lower than last traded levels for Butt Branded Steer (BBS), Colorado Branded Steer (CBS), and Northern Branded Cow (NBC) hides. Regular-weight BBS, light CBS and regular-weight CBS and NBC fell $0.50/piece from yesterday’s levels. The price decreases were driven by sellers’ high inventories and pessimistic views of demand in the upcoming months.
Biding activity was dismal, according to several sellers. Some raised their offers for various hide selections due to tightening cattle hide supply and firm demand. Buyers have been taking the taking time to judge how the market may play out over the next few days.
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