Hide prices traded mostly sideways today, which is in line with the hushed holiday week for Asian customers. The packer reports were on light weight Butt Branded Steers and Native Bulls, falling $1 and $2 respectively. The automotive upholstery market maintains firm interest, particularly out of Mexico. The microchip shortage continues to be a risk for carmakers, but the demand for hides has not faltered.
[HIDE-SALES]
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending February 4, export sales for 2021 marketing year decreased 5 percent to 483,372 from 508,799 and shipments decreased 4 percent to 545,046 from 568,491. Sales for marketing year 2021 totaled 2,459,516—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 655,045, total export sales were…
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...