Today’s Market
There has been more of the same for the US hide market. Prices remain unfaltering and slaughter remains low.
[HIDE-SALES]
Historically March and April have been the peak season for lightweight HNS prices. A build up in demand from the automotive sector has been a big driver of the price increases through the first quarter in past years. From May forward, HNS prices have historically seen a steady decline as demand from the automotive sector waves. The price increase has been noticeably absent in the market this year due to the absence of not only automotive demand, but consumer demand in general.
The average HNS price for January 2017 to 2019 reported 36 percent higher than where HNS began 2020. Since January of this year, the price…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...