Today’s Market
The US hide market concludes the week with a raise in prices for light packer Heavy Native Steers at $34, Butt Branded Steers at $34 and Northern Native Cows at $14. There are more indications of resistance to higher prices from buyers, in particular from customers in China, but demand from the auto sector remains strong. As fall hides are decreasing in supply, many seem to be willing to pay the current prices before the winter weight hides become the only material available.
[HIDE-SALES]
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending October 8, export sales for 2020 marketing year increased 11 percent to 445,115 from 402,881 and shipments increased 27 percent to 469,950…
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...