The US hide market had a busy bidding day today. Many bids are reportedly lower than the last traded levels, but sellers continue to push for steady to higher prices. Packers are well sold, with a few December shipments booked but the main focus is on Q1 2021. The lack of containers still poses a problem for many sellers, in particular with the steamships.
US privately owned housing starts for October were up 1.4 million units, or 2 percent from September and 11 percent above the prior three-year average. Since the end of 2019, housing starts in the US have tracked at all-time highs with the exception of the first and second quarters of 2020 when the impact of COVID-19 cases had a freezing effect across the economic spectrum. Low interest rates and a trend of deurbanization are expected to continue to contribute to growth in housing starts relative to prior years.
Tracking…
03.03.2025
EASA releases EU SAF mandate penalty reference prices
The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...
03.03.2025
Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains
Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.
03.03.2025
Trade quiet in animal protein market ahead of tariff implementation on Canada and Mexico
Trading was quiet in the animal protein market on Monday March 3 with many market participants taking a wait-and-see approach to US tariffs that are set to go into...