Hide prices fell today for jumbo weight steer material, with spreads more in line with the regular and light weight material. At this point of the year, buyer concentration is more on leather orders than hide orders.
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending December 17, export sales for 2020 marketing year increased 53 percent to 285,499 from 186,525 and shipments decreased 11 percent to 444,291 from 499,173. Sales for marketing year 2020 totaled 25,441,106—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 613,461, total export sales were 498,845 and total export shipments were 514,651.
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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...