Suppliers are trying to maintain prices with some of the early offers $1 above and most steady with last week’s levels. Popular big packer hides traded steady to $1 higher last week with HTS from $66-$69, BBS from $72-$73 and HNS from $75-$76 C&F. The challenge for producers this week is to motivate tanneries now that they have extended their positions following several weeks of large buying volumes. While the US hide market is largely…
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...