January 28
The rawhide fresh prices are steady, ending the continuous rise of weeks ago. The upward trend seems to have reached its limit. The halt is not from excess supply, but due to less demand. Therefore, slaughter is poor. Some frigorificos have worked only 3 or 4 days these weeks.
On the other hand, automotive upholstery demand remains strong. Good quality Buenos Aires wet salted heavy steers are quoting unchanged from last week, at about US$0.26 per kg.
Demand on upper crust, leather goods and finished leather remains scarce and at low prices.
There is an issue about the cost of fattening cattle in feedlots due to the rise of grain prices. Therefore, extensive fattening is increasing, which would lead to lower weight animals or a lack of cattle in the next few weeks.
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04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...