04.17.2024
What is Biodiesel?
Biodiesel is a renewable fuel produced thorough the transesterification process. Transesterification is a chemical progression that converts vegetable oil, or other fats, oils and greases, into biodiesel. ...
Market Activity & Analysis
Today’s Market
Market reports were higher today continuing the trend of upward momentum in the market. The native bull selection traded as high as $15 per piece and jumbo Heavy Texas Steer selections traded at $28. Native bulls are up $6.50 from a month ago and jumbo Heavy Texas Steer are up $8 from a month ago. Nearby hide supplies are tight with reports of sellers well sold through December. The tight nearby supplies add risk for continued, higher prices.
Today’s Trades
[HIDE-SALES]
US New Home Sales & Retail Furniture Sales
Recently released Federal Reserve Economic Data (FRED) for July 2020 estimated US new home sales at 901 thousand units, a 13 year high. FRED advance furniture sales estimates for August are estimated at estimated at $10.233 billion, an all time high. The new home sales and…