There was very little to note about last week’s US hide market with the tone continuing to ring soft. Several sources noted sales seem to be down from the previous week, although it’s difficult to know if a week’s worth of hides were sold. Prices were mixed with most steers steady, but a few trades were down a dollar from previous levels. The Jacobsen Hide Index closed $0.47 higher at $49.46 Friday from $48.99 a week ago. Big packer HNS sold…
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...