Oil/Meal Spreading Lifts SBO Markets off Early Losses
Global vegetable oil prices ended mixed on Tuesday. Palm oil futures gave back initial gains, closing lower overnight. Profit-taking amid...
Packers complied their offer lists yesterday and today to release tonight, which is expected to be similar to last week but with a few increases on steer hide selection. Buyers are in demand for branded steers which drove trading prices for Colorado branded steers up $1 today for packer material.
Smaller buyers were more active in the market yesterday and today, bidding prices in line with what was last traded.
Sellers are reportedly well sold on heifers which may encourage price increases...