The US hide market is being pushed closer and closer to mute with many of the people en route or already visiting customers ahead of the Hong Kong APLF. There was a modest amount of business done last week with prices mostly unchanged including packer BBS at $102 and HTS from $94 to $96 FOB plant. The Jacobsen Hide Index ended on Friday at $92.86 from $92.61 a week ago and the changes were insignificant for most selections including cows which…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...