Soybean Oil Basis Levels Stagnant on Sluggish Demand
Cash market trading remained dull heading into the second half of January. Prices corn oil and cottonseed oil were...
Hide trading today was sideways for Dairy Steers, Heifers, Kip Skin and Small Packer. Butt Branded and Colorado Branded Steer (BBS and CBS) hides decreased $1/piece to $1.50/piece from Tuesday’s levels. The decreases were driven by downward price pressure from automotive and footwear hide tanners.
The leather demand for the automotive industry that was previously anticipated to be strong at the start of the year, is now expected to be slow. Automotive hide shipments are expected to decline in February, according to a few...