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…
12.30.2024
Glycerin prices on rise while inventories fall
Crude glycerin prices rose this week, with sources reporting to Fastmarkets on Monday December 30 that slowing biodiesel production is leading to reduced supplies.
One trader reported for...
12.30.2024
Early publication of US agricultural products price assessments: pricing notice
Fastmarkets will publish price assessments for US animal fats and oils, animal proteins, biomass-based diesel, hide and leather, grain and feed ingredients, organic/non-GMO and vegetable oils at 12:00pm Central...
12.30.2024
US bloodmeal price spread widens even with an elevated low end: 2024 recap
US animal protein prices were steady on Monday December 30.
Hog slaughter
Fastmarkets’ research team forecasts hog slaughter at 2.200 million head in the week to January 4,...