01.21.2025
UCO, tallow prices continue to rise
Technical tallow traded higher on Tuesday January 21, up to 52 cents per lb Chicago, which closed the gap with edible tallow.
Bleachable fancy tallow (BFT) was quiet...
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 Housing Starts October 2020
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…