Soybean Oil Cash Basis Declines in Illinois, Gulf
At the cash market, indications for soybean oil were lower at the Gulf Coast and central Illinois. Gulf crude-degummed...
Hide sellers reported minimal trading activity over the weekend while leather makers continue to indicate there is little leather demand. The weak demand for the raw material is likely due to the negative impact of inflation catching up to consumer spending and cuts to demand for finished goods. Alternative materials, such as synthetic fibers, continue to weigh on the hide market due to consumer trends and lower costs.
Cattle Slaughter Forecast
Cattle slaughter is forecast by The Jacobsen at 640,000 head this...
Read More