Steer hide prices rose today, with prices increasing anywhere between $2.50 and $4 from yesterday. Despite the slowdown due to the limited supply of microchips, automotive upholstery demand continues to be firm with prices steady to last Thursday’s levels for Butt Branded Steers. Container availability issues in Asia have not slowed cow hide demand for furniture upholstery , with trading continuing at steady prices.
[HIDE-SALES]
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending January 21, export sales for 2021 marketing year decreased 20 percent to 452,375 from 565,928 and shipments decreased 4 percent to 507,079 from 530,150. Sales for marketing year 2021 totaled 1,961,209—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 653,736, total export…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...