Pressure on the US hide market continues with plenty of supply as it waits for leather orders to start picking up for the anticipated fall production. Many of the regular buyers are on the sidelines while they wait for leather orders to pick up; however, there is still a large amount of business being done each week as some buyers are able to take advantage of lower hide cost and good quality summer hides. The softer tone has seen steer prices…
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...