October 29
Slaughter continues at steady volumes, mainly light-weighted cattle due the lack of heavy-weighted cattle.
Due to the government decreed suspension of the export tax rate for two months, raw prices are soaring on both, raw fresh and raw wet salted hides by approximately the same tax rate.
Frigorificos raw fresh hides are quoting about Arg$11/12 (US$0.14 per kg), which many are not paying. However, others are buying the same because of the commitments made. There is uncertainty of how the market will continue.
Good quality Buenos Aires wet salted heavy steers are quoting upwards at about US$0.18 per kg.
Some tanneries continue working, but other…
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...