It was a difficult week for the US hide market with down pressure and sluggish sales resulting in a varying degree of lower price trades. Frustration seems to be setting in with suppliers trying, but not quite able to find a way to put a floor on prices or to prompt big volume buyers back into the market. Many buyers are holding back because they see prices falling each week and expect they will do better later. Trading levels this week for a…
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...