Today’s Market
The US hide market reported steady prices with exception of packer Branded Heifers at $15, which are down from the last traded level. Heavy Texas Steer were reported at $26 and Colorado Branded Steers at $20. For the most part, the market is tracking steady at current pricing for the majority of the selections. The housing market is gaining attention, with September home starts increased 1.9 percent from the prior month.
[HIDE-SALES]
Outstanding Export Sales
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through October 8. Through Week 41, the total outstanding sales are 4.499 million from 4.630 million the prior week. With the same period average weekly slaughter at 605,186 head, the cumulative…
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...