Over the last two weeks, the US hide market consolidated in a relatively tight trading range, suggesting for the moment that it has found a bottom. The limited offers out overnight are similar in price but smaller; however, the dynamics of the market are different with a major portion of the trade attending the upcoming ACLE in Shanghai, China August 30 to September 2. Representatives from US hide and wet blue suppliers are or will soon be…
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...