Trade Steady to Higher, Logistics Remain an Issue
Packers sold a good volume of hides this week at steady to current market levels to $0.50 to $1...
Agricultural futures markets were mixed on Friday following the midday release of the USDA's May World Agricultural Supply and Demand Estimates. For the first time, production and usage data for the 2023/24 marketing year was shared. This highlighted the fact that corn and soybean stocks for 2023/24 are anticipated to increase as rapid planting progresses. US wheat futures saw an upturn after the USDA forecast that global and domestic supplies are expected to dwindle during 2023/24 compared to 2022/23. As of now, there...
Read More