November 12
In October, 1.26 million cattle were slaughtered, up 1% since September but down 3% year-on-year comparison.
This is the fourth month of the year lagging behind the same month of 2019. However, the daily average slaughter was 6% higher than last September and in October 2019.
By taking advantage of the postponed wet salted hides export rate until the end of the year, some estimate that in 2020 Argentina will export around 2 million wet salted hides.
Due to the resumption in automotive upholstery and the growth in residential furniture upholstery, demand on good quality Buenos Aires wet salted heavy steers increased, quoting now somewhat upwards from last week at about US$0.20 per kg.
There continues to be minimal demand for light-weighted cattle hides.
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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....
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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...
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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...