Hide prices were mixed on low volume with higher-end material roughly holding and mid-to-lower material edging downward. Packer natives traded from $67 to $69, BBS from $65 to $67 and HTS from $56 to $58. Despite the market being down now around 45% from this time last year, many of the buyers this week continued pressing with lower bids and walked away from steady counters.
Today’s Market
There was a moderate…
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...