Today’s Market
Trading was quiet in the market today to close out the week with hide prices unchanged. Price direction was consistently higher this week and the overall tone remains firm.
Week-Ending Slaughter
The week’s estimated cattle slaughter was 651,000. The previous week’s kill was 645,000 and the corresponding week last year it was 650,000. Year-to-date slaughter at 23.505 is down 4.3% from…
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...