The US hide market had a slow trading day, as the winter snowstorm closed some processing plants down in the Midwest region of the country. The biggest challenge of container availability continues . The Hebei Province has extended their lockdown until February 25th, while other regions have already begun shutting down tanneries ahead of the holiday. Butt Branded Steers fell $1 on the light and regular weight categories on lower bids.
Federal Reserve Economic Data (FRED) Producer Price Indices (PPI) for hides and synthetic fibers were released for December at 64 points and 127 points, respectively. The PPI for hides ended the year on a strong note, the four quarter (Q4) averaged 64 percent over Q3 and December was the highest point since March of 2019. Hide prices had a similar U-shaped recovery. Heavy weight Heavy Native Steer (HNS-H) prices, for example, closed December at an average of $35.53, up from June’s low of $20.85 and trailing…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...