Lexi Watts was out of the office today and will return tomorrow, December 10th.
Trading was quiet today with no confirmed trades reported. The vast majority of buyers and sellers in the market are calling prices steady.
The FRED US industrial production of apparel and leather goods index for October of 2020 is up 3.4 percent from September, but down 19.7 percent from the prior three-year average for October. Production has increased since bottoming out in April during the initial wave of pandemic market disruptions, but the index level has yet to recover to pre-pandemic levels over 60. Heavy branded heifer (HBH) hides, a selection commonly used in leather apparel, were on a steady decline from January through August, with a precipitous drop from February…
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...