Downward pressure on the US hide market remained intact with prices from steady to down around $1 depending on selection. A few suppliers said they had a decent amount of interest, but many of the bids were too low as it seems buyers believe the declining trend will continue for some time. On Friday, the Jacobsen Hide Index closed at $61.81 from $62.01 a week ago. Big packer HNS sold from $71 to $72, BBS from $69 to $70, HTS from $63 to $64…
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...