Today’s Market
Mid-week brought a few modest changes to Dairy Cow and Native Cow hide prices. Northern Dairy Cow prices increased $1 to $19 for packer material. Northern Native Cow hides are steady on packer selections at $14 but increased $1 for processor material. There have been more reports of resistance from European and Chinese customers, mainly due to the worsening COVID-19 situation in Europe causing further lockdowns.
[HIDE-SALES]
Federal Reserve Economic Data (FRED) updated their figures for retail auto sales in the US and August reached $102.1 billion, which is above last year’s levels by 5 percent. August 2020 has achieved 14 percent above the prior four-year average for the month. From 2015 to 2019, auto sales have been growing annually at a rate of 13.8 percent. April…
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...