Soy Oil Basis Shifts Lower on Demand Concerns
Despite tight supply, basis levels on Gulf crude-degummed and central Illinois refined, bleached, and deoderized (RBD) soybean oil peeled a...
Hide trading was minimal today following an active weekend. The one trade reported today was for heavy Texas Steers which were reported $1 lower than yesterday’s trade for packer material. Some sellers stated that they already sold well over a week’s worth of production. These sellers expect to have shorter offer lists this week compared to the last. Other sellers offered similar products but $1 less than the week prior of some branded items. Some sellers stated that even with the decease, offer prices...
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