Last week there were some signs of improvement with the market as the pace of hide price descent began to slow from previous week’s levels. For the week, steer prices dropped $2 to $3 and the Jacobsen Hide Index (JHI) closed at $61.17 from $63.90 a week ago—down $2.73. The JHI is down $38.72 or 38.8% from a year ago. On a percentage basis, the drop for cow selections are close to the same from a year ago. A number of suppliers report…
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...