Nov Soybean Crush Second Largest of All-Time, Oil Stocks Rise
The National Oilseed Processors Association (NOPA) reported November soybean crush at 189.038 million bushels. This was the second...
Packer Branded Steer (BRS) hides fell further today, dropping $0.50/piece from yesterday. Over the course of the week, BRS fell a total of $2 from last Friday’s close. The downturn for BRS and Colorado Branded Steers (CBS) are a result of weak leather demand from shoe tanners in China. The sellers’ willingness to drop steer prices brought in good volume of buyer interest for large volumes of material.
A few sellers reported that the week closed with larger volumes of stee...