This week the US hide market saw a few selections edge slightly higher on lower volume following big sales last week. The Jacobsen Hide Index closed $0.48 higher Thursday at $93.71 from $92.97 a week ago. Several market participants opined the steer market lacked energy to move prices to the next level with resistance strong. The cow market continued to be stronger than steers with prices moving a dollar higher on several selections.
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04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...