Buyers Building Hides Inventory Ahead of Winter Months
Steer hide trading today was down 50 cents from Friday’s close. The downward movement followed buyer resistance to pay...
DDGs witnessed a few trades today, with market participants noting support from rail market demand. Sources also acknowledged the positive effect of the recent run-up in soybean meal, which has helped maintain most values. Furthermore, trades across various locations including Channahon, IL, Iowa, Illinois, Indiana, and Ohio have resulted in higher price ranges.
CME grain prices were mixed on Monday. December wheat saw an increase of $0.0325, closing at $5.75/bu, and January soybeans recorded a rise of $0.1225, settling at $13.64/bu. In...