The Ides of March failed to put the wind back in the sales of the hide market today with down pressure mounting as supplier try to maintain their grip on prices two weeks ahead of the APLF. The silver lining for producers is there is a little more buyer interest, but sources report that many bids are too low to consider. A few sales continue to be made with mixed with prices from steady to down $1 though trading volumes are still too thin to…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...