Today’s Market
Prices are staying in previous ranges. With a shortage in hides supply and brands closing down for a few months, demand seems to be very limited. The US hide market is in a standstill.
[HIDE-SALES]
Retail shoe sales had been consistently above 2019 numbers through February, but it’s reasonable to expect that trend to snap sharply lower when the FRED releases sales data later this week. March, August and December have been the peak seasonal sales periods for shoes. August likely represents the back-to-school season and December represents a peak due to holiday sales. With a number of states and municipalities restricting activity amongst non-essential services it’s reasonable to expect footwear sales to remain depressed 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...