Drop in Crude Oil, Bearish Weather Outlook Sink Veg Oil Prices
World edible oil prices moved lower on Monday, as weakness in energy markets and forecasts for moderate weather conditions through...
Hide demand was consistent over the weekend with buyers willing to pay steady price levels to current market. Automotive tanners drove heavy native and butt branded steer prices up $0.50 over the course of the week. Buyers in other leather good sectors were more resistant to higher prices due to limited demand.
Consumers continue to face high interest rates which adds difficulty to borrow for new purchases. The US hide market participants have indicated that they expect the recent surge of business may...