Short Positions in Automotive Tanning Drive Nearby Hide Demand
Buyers were active in the market this week at steady to higher prices for packer material. Processors reported similar...
Grain and feed items shifted significantly over the week due to potential rain in the Midwest, which is in contrast to the earlier hot and dry expectations for the upcoming week. Trading activity has been very volatile due to persistent issues in the Black Sea. While DDGS remain stagnant, rail prices appear to be stronger. Sources have commented that domestic demand is solid due to the corn and soybean meal ratio, potentially creating higher export interest.
T...