The US hide market continues to look for direction this week with no change in demand fundamentals nor any letup on supply as packers continue to kill at near capacity levels. The upcoming Chinese National holiday October 1-5 and Mid-Autumn Festival celebrations will see China and Korean tanners mostly closed for the first week of October. The Lineapelle leather fair in Milan Italy is slated for October 4-6 will hopefully bring some…
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...