Veg Oil Prices Head into Weekend with Profit-taking Losses
The soybean oil market staged an early week rally that saw August delivery futures climb to a six-month high...
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USDA Reports Hide Shipments Reached Near 600,000 Pieces For Week 26
Trading this week was reportedly less than the week prior after the 4th of July holiday slowing business activity. Buyers were willing to pay steady or managed to lower prices by $0.50 to $1 from last traded levels. Automotive tanners were active in the market this week to fill missing orders, but leather demand in the sector remained steady.
The low price of hides continues to encourage sellers to send hides to landfill rather than process due to insufficient profits. On large volume seller...
