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…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...