Hide price movement varied today, but the majority of material traded at higher prices. Buyers in the auto and furniture tanning sector continue to show demand for higher-end steer material, such as Heavy Native Dairy Steer, Butt Branded Steer and Colorado Branded Steer, but are still having trouble finding their desired supply as the less attractive winter hides are the available majority. Lighter weight material continues to be of interest due to nicer grain quality and higher yield.
Federal Reserve Economic Data (FRED) reported $2.3 million in US retail shoe sales for September 2020, down 9 percent from August. Historically, FRED reports a negative change from August to September reasonably due to the slowdown after the back-to-school shopping season. On average, the percent change from August to September for the prior four-years was -27 percent. This year the 9 percent decline was not nearly as significant which allowed for closer to typical…
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...