Reports of large sales volumes the last two weeks once again were verified with today’s USDA export sales report. Many people began the week expecting that the more favorable forward-sold positions would stabilize hide prices, but sales so far are slow, with the market in a stalemate with buyers pushing for lower prices and suppliers attempt to hold the line. Quite a few of the low bids were countered with mixed results.
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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...