Bean Oil Futures Pull Back on Rainy Weather Forecasts
Soybean oil futures moved lower on Wednesday, as participants booked profits after the nearby contract settled above 60 cents...
Trading was active midweek with most buyers paying higher than last traded prices. Processor branded steers increased $1, signifying increased hide demand than several weeks ago. Branded steers are in high demand from buyers for processor and packer material.
Colorado branded steers and heavy dairy steers traded $1 higher than last traded levels as well. Interest for this material was from tanners in China and Korea.
Branded cows saw improvement of $0.75 on northern and $0.50 on southwestern. These trades are the first...