Today’s Market
The day was somewhat quiet, with exception of an inrease in Branded Steer prices. After the rebound over the past four weeks, this week has not seen an equally dramatic change. Selections continue to trend upward, but at a slower pace.
[HIDE-SALES]
For the second consecutive month, retail shoe sales in the US are near the prior year’s levels. The Federal Reserve Economic Data (FRED) recently released July data posting the month’s retail shoe sales at $2.48 million. Sales for July have increased a moderate 1.4 percent from June’s sales of $2.45 million, but down from the average increase of 8.6 percent for 2016 – 2019. With improved hide prices, it is reasonable that this increase may be an indicator that the…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...