04.23.2024
Rising BOHO spread spurs RIN values higher
Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which...
The US hide market has seen quite a price drop this week. However, there have been a few loads sold at a more typical price range. Big packer steer quotes included HNS from $27, BBS from $22 to $27, BS at $19, and CBS at $17 and HTS at $19 FOB plant.
Week-Ending Slaughter
The week’s estimated cattle slaughter was 653,000. The previous week’s kill was 640,690 and the corresponding…