Demand, trading lackluster in US hide market
The US hide market was quiet on Monday July 1 given lackluster demand and slow leather orders.
Chicago Mercantile Exchange grain prices mostly rose on Monday July 1. The August soybean futures contract increased by 12.5 cents per bushel, settling at $11.46 per bu, while September corn futures contract dropped by 0.5 cents per bu, closing at $4.07 per bu.
Meanwhile, August soybean meal jumped by $3.00 per short ton to $349.00 per ton, and September wheat rose by 16.75 cents per bu to $5.90 per bu.
Distillers’ dried grain (DDG) prices dropped in the Iowa market on Monday,...