Argentina
In April, 950,000 head were dispatched to slaughter. This was 14% less than in March and 5% more in the year-on-year comparison. Considering the business days of each month, the daily average was the same as in March, with a remarkable growth of 16% compared to a year ago.
After two weeks drop, rawhide prices stopped its descending trend. Buenos Aires wet salted heavy steer hides are trading unchanged from last week, at about US$0.65-$0.73 per kg depending on hide quality.
Demand remains calm.
Paraguay
Just like recent weeks, the market is extremely quiet.
Sales of wet blue hides continue being made without price changes. Full substance whole hide wet blue TR1 continues trading at about US$1.25-$1.30 per sq. ft.; and divided hides (grain splits) TR1 1.8mm/up at about US$1.10 per sq. ft.
Of late, exports of semi-finished and finished leathers has grown significantly.
Slaughter continues strong. A beef export record is expected this month.
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...