The US hide market is more of the same this week with prices slowly eroding. Producers and buyers are in a standoff with both sides resisting big movements, plus, there has been a noticeable drop in demand from the China market. Some have commented that the restraint and patience from China tanners is tactical; however, a number of the China tanners say they are buying hand to mouth because leather orders are few and prices low and they lack…
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...