On the supply-side of the US maket, production is high and beef demand is strong. China is slowly coming back to business and will take around half of the supply, helping to cure the incoming hides. Once the hides are salted and cured, they are stored because of the little demand. Currently, the US hide market is experiencing demand destruction due to the hide nonexistent demand. While consumers are taking care of their health and remain in…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...