The US hide market concluded the week with higher prices than the previous. The Jacobsen Hide Index ended the week up to $25.51 from last week’s close of $24.96. The lack of shipping containers and equipment have become an issue for a number of sellers. Some buyers have requested large volumes of product, but the offers had to be turned down due to the inadequacy of steer hide material and containers.
[HIDE-SALES]
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending November 5, export sales for 2020 marketing year decreased 3 percent to 406,152 from 492,767 and shipments decreased 11 percent to 462,899 from 570,023. Sales for marketing year 2020 totaled 23,261,462—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 608,948, total export…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...