Weather Worries Goose Edible Oil Prices Higher
World edible oil markets were higher on Monday, as worries over El Nino and dry weather conditions in the...
Trading was active following the weekend with steers trading steady to last traded levels and branded heifers trading $1 lower. Chinese tanner are very active in the market, buying volume due to lower freight rates, attractive prices, and better-quality hides.
Macroeconomic issues continue to weigh on the consumer demand. Inflation remains tracking around 4.05% which forced consumers to be more stringent regarding spending.
Cattle Slaughter Forecast
Cattle slaughter is forecast by The Jacobsen at 645,00 head this week, down 0.62% f...
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