Soybean crush expansion could mean prolonged weak margins
The ongoing expansion of US soybean processing capacity and a protracted downturn in crush margins could “threaten the...
Hide sellers reported a slow start to the trading week with low demand. A few packers stated they plan to have similar offer lists as last week, in terms of length and items offered. Several sellers shared they plan to only accept bids steady or higher than current market levels on most selections, except Butt Branded Steer (BBS) hides. BBS hides are under negative pressure because the demand is weak from shoe and automotive tanners, currently. A few buyers and sellers stated they are expecting...
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