Early US hide offers are similar to previous weeks with expectations from most participants that prices should remain unchanged and activity will be subdued with China tanners sidelined most of the week for the National Day holiday.
The following chart shows the total outstanding cured hide and wet blue export sales by selected countries through November 8. Through Week #45, the total outstanding sales are 3.412 million from 3.588 million the prior week. With the same period average weekly slaughter at 625,016 head, the cumulative outstanding sales represent 5.46 weeks of production from 5.74 the previous week.
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...