Pressure continued for the US hide market with prices rolling back around $1 for steers and $1+ for cow selections. The Jacobsen Hide Index closed Friday at $62, down $1.34 from a week ago and during the week packer HTS traded for $63 to $65, BBS $70 to $71 and HNS $71 to $72 FOB plant.
Slaughter took a big bump, increasing to 587,000 from 548,000 the previous week and 548,188 a year ago. The week’s slaughter exceeded expectations and…
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...