It was a tough week in the market for suppliers who rely on China and other Asia markets for hides, blue and crust sales. General economic news around the world didn’t brighten the outlook. Leading the news were abounding stories regarding China’s slowing economy and crashing stock market, drama in Greece and the Euro Union and reports showing cracks in the booming automotive business. Those related to the auto sector hit a little closer to…
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...