The pace of the US hide market has subsided following a small upsurge over the last couple weeks. Most suppliers report some active bids, but the intensity has dropped off and interest looks to be for steady money at best. Meanwhile, producers maintain they have good forward-sold positions and many offerings this week are for January and February shipments. Timing for shipments, however, will be a significant factor with the upcoming Chinese…
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...