Veg Oils Rally ahead of RVO Announcement
Palm oil and soybean oil futures ended sharply higher on Friday, as traders covered positions ahead of next week’s...
Blog
High Wet Blue Inventories Globally
The week ended with steer and cow prices trading close to steady as there wasn’t significant change to hide demand this week. Trading was active for low quality cured material as demand from China picked up this week due to the attractive low prices. The wet blue market remains dismal, and some sellers have moved large volumes of material at very low levels. Some sellers stated the inventories continue to pile up in the US, European Union, Asia, and South America.
Sellers expect...
