04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Market Activity & Analysis
The US hide market this week is trying to build a base off of two weeks of good sales but still seeing plenty of low bids. Sentiment is from neutral to bearish with the aggressive low bids beginning to wear on some suppliers. Many people think that prices are attractive enough to prompt buyers back into the market as selections are now trading in or below historic trading ranges. However, leather demand—with the exception of auto…