Today’s Market
Business was reported as very quiet. July is typically a slow season for the US hide market, but this year could see the slowness exacerbated by the COVID driven market conditions. Today there were a few drops in prices for Colorado Branded Steer and Butt Branded Steer.
[HIDE-SALES]
Similar to footwear and auto sales, furniture sales in the US for April of 2020 have seen an all-time low. Furniture sales have sharply fallen to $4.1 million in April 2020, which is a 57 percent decrease from the 2016 to 2019 April sales average. Over the past four years, this market has seen consistency in sales, reporting only a $773,000 difference from the period’s high to low—until March and April of this year. Sales declined 60 percent…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...