Last week a few selections traded steady and one or two sales actually managed to edge up. On average, the market slid about a dollar with the Jacobsen Hide Index closing on Friday at $85.01 from $86.05 a week ago and $103.79 a year ago. By week’s end, producers were a bit more upbeat after some sales at steady and slightly higher levels. A number of people in the trade were thinking most of the buying last week was from traders and the end…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...