With concerted efforts, tanners continue to put pressure on suppliers with lower bids and by largely refraining from cleaning up hide production. Very low split values and stagnant leather markets are at the root of the problem. After three weeks of slow sales, suppliers hope this is the week something will break the stalemate and spur volume sales. Heavy Texas Steers, often considered the bell weather of US steer hide price, have recently…
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...