04.25.2024
US heating oil, distillate fuel consumption lower than usual in Q1
In the first quarter of 2024, US prices for distillate fuel oil — which includes diesel fuels for vehicles and for home heating — was lower than the...
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Lexi Watts out of Office December 16-18
Lexi Watts will be out of the office Wednesday, December 16 through Friday, December 18 and will return on Monday, December 21. In her absence, please contact Ryan Standard at [email protected] with any questions or trades to report.
Prices were mostly unchanged today with the exception of Butt Branded Steers (BBS) increasing $1 to return to last week’s closing levels. Some customers in the automotive and furniture sectors are still expressing willingness to buy at the higher prices.
The Federal Reserve Economic Data (FRED) reported the November hide and leather Producer Price Index (PPI) at 58 points, up 73 percent from July’s all-time low of 33 points and a return to pre-pandemic levels. The synthetic fibers PPI continues to trend lower, although slightly higher in November at 125 points. November was only the second month in the last 15 with…