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Blog

Moderate Hide Bidding Activity Midweek

Alexandra Watts | 05.31.2023

Bidding activity was moderate today at prices levels that were a few dollars below asking prices. Automotive tanners were more active in the market in the first half of the week looking for mainly heavy native and butt branded steers.

Light weight heavy native steers were reported $1 below yesterday's level, but steady to Friday's price range.

A trader reported shoe tanners were active in the market this week but are hesitant to pay price levels higher than current market.

Palm Oil Futures Slide to Multi-Year Lows

Edible oil futures prices wallowed at multi-year lows at midweek. Disappointing export data and rising production from Malaysia, weaker-than-expected...

Organic Corn Prices Mostly Stable

Organic corn prices are stable, but there are pockets of the Midwest where small volumes are selling for levels...

US Hemp Roundtable Urges Impartiality

The US Hemp Roundtable (USHR) responded to

Membership required to view content. published in April that highlights the toxicity...

Inflation Reduction Act’s Climate & Clean Energy Provisions Survive

Debt Ceiling Deal Announced

On Saturday, President Joe Biden and U.S. Speaker of the House Kevin McCarthy announced they had...

Cattle Slaughter Projected to Decline into Summer

Please note – Ryan Standard will be out of the office through Friday, June 2nd. In his absence, please...

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Limited Volume to Start Shortened Week; April Livestock Slaughter Mixed

For Tuesday, animal proteins were unsettled, with most of the global grains and overall trade markets uneasy. Several contacts...

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DDGS, Corn gluten, and CBOT Grains Decrease

Market Update

DDGS and corn gluten items were called lower for the day. Values as low as $200/st were indicated...

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US Cattle Slaughter Expected to Decline Further in Summer

Steer trading was active for buyers in Mexico with heavy native and butt branded steers trading sideways for regular...

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RIN prices fall week on week despite lower reported US biodiesel output

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