Hide Supply Expected to Grow Along With Higher Slaughter Forecast
The US hide market began the week with Heavy Native Steers (HNS) trading down $1/piece from Friday's close. Buyers...
According to the latest reports, DDGS prices continue to decline in a few states including Indiana, Iowa, Michigan, and Ohio. Market participants have agreed with the slight decrease and anticipate further drops in values over the upcoming months.
CME grain prices were mixed on Monday. March wheat declined $0.1225, closing at $6.17/bu, and January soybeans increased by $0.1125, settling at $13.27/bu. In addition, January soymeal rose by $7.20 to $412.80/st. while March corn dropped by $0.06, reaching $4.77/bu. Market players are paying close...