The US hide market failed to gain much traction this week with activity below normal as well as with continued down pressure on prices. Depending on source and product, some sales concluded at steady levels while others traded down around a dollar. The cow market, which had been relatively unscathed by comparison to steer hides, is seeing more pressure as they become difficult to move and edge down in price. While a good number of hides…
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...