Sellers in the US hide market continue to be well sold, while little change is made to price ranges. The shipping concern in the marketplace remains, as the need for containers to be loaded and delivered before the Chinese Lunar New Year is high.
The producer price index (PPI) for natural fibers increased for the seventh consecutive month, reaching 185.6 points in October 2020. From January 2015 to March 2020, the index remained relatively steady at an average of 163 points. April 2020 triggered the start of an unusual spike, augmenting each month with a 14 percent gain from the average. Natural fibers, including animal and plant-based materials, are absorbent, eco-friendly and durable. However synthetic fibers tend to be cheaper and stain and water resistant. The synthetic fiber PPI has been on the decline since December of 2018 when the index reached 133 points, falling to 125 points in October of 2020. The dirverging direction between synthetic…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...