Several selections dropped $2 dollars last week, raising a lot of eyebrows when first appearing, but by the end of week became widely reported. The Jacobsen Hide Index closed on Friday at $62.61—$1.39 lower than a week ago. Packer HTS was commonly traded at $64, BBS from $68 to $69, HNS at $72 and CBS at $60. Cow hides also saw softer trading from $1 to $2 lower than previous levels. While it is not clear if a week’s hide production…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...