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Blog

Fed Steer Hide Demand Sparked after Offers Lowered

Alexandra Watts | 12.13.2023

Midweek activity in the US hide market was firm after a slow start to the week. Several sellers tried lowering their offer prices by $1 on fed steers which sparked demand. Shoe tanners in Asia have been active but bidding at price levels a few dollars lower than the offers. The number of bids and the volume of material is viewed positively for most sellers.

Automotive tanners in North America expect January to be a busy month of orders. Asian Tanners expect a...

Benchmark SBO Futures Slide below 50 cts/lb

With cash trading for vegetable oils still incredibly quiet, basis indications on soybean oil in central Illinois and in...

Food Prices Decline in Recent CPI; Fed Holds Fast on Interest Rates

Lower prices for food at home are a welcome...

NY Governor Vetoes Hempseed Bill

New York legislation to allow hempseed derivatives in feeds for a limited...

Renewable Fuel for Ocean-Going Vessels Act Introduced

**Bob Lane will be out of the office this week, returning on Monday, December 18, 2023. In his absence, please...

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Record High UCO Imports in October

Trading was active at lower numbers today on continued limited demand and pressure from lower heating oil futures. Used...

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2024 WASDE Production Expectations Varied

Values reported for the day were within the previously set values. Contacts called the market quiet again, though wide...

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Wheat Export Inspections Rise as Corn and Soybeans Plunge

CME grain prices were mixed on Tuesday. March wheat increased by $0.16, closing at $6.25/bu while January soybeans dropped...

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Sellers Expected to Drop Offer Prices Due to Limited Demand

Sellers reported limited interest to buy at the start of the week after slow sales last week. According to...

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Blog

Fed Steer Hide Demand Sparked after Offers Lowered

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