Today’s Market
Wednesday’s reports were typical for midweek activity. There is good demand for quality hides, as Heavy Native Steers selections continue to receive interest. It has been reported that tanners are bidding below what was paid last week, despite the steady prices. Suppliers have been holding firm on prices during negotiations.
[HIDE-SALES]
The Federal Reserve Economic Data’s figures of May 2020 US retail auto sales have posted an increase of 52 percent from April’s record low. When the COVID-19 pandemic hit this sector in February, auto sales had fallen significantly to $61.705 million, representing a 30 percent decrease from the prior four-year average for April. Hide prices had followed suit, also receiving downward…
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...