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.
The US hide market closes the week with strong automotive and furniture leather business. Hide demand for steers and cows used in these sectors continue to be of interest from tanners worldwide. The footwear business is still weak with semi-depressed prices for selections used in this sector. Cattle hide production concludes the week stronger than the previous.
Week-Ending Slaughter
The week’s estimated cattle slaughter was 666,000. The previous week’s kill was 552,000 and the corresponding week last year it was 628,000. Year-to-date slaughter at 5.166 million is down 4.2% from 2020.
This USDA data is published every Thursday by the USDA Agricultural Marketing Service (AMS) and reflects actual week-to-date cattle slaughter by classification for the week ending two weeks prior to document release day.
HNDS 64/68 @ $41.00
HTS 62/64 @ $26.00
HTS 70 MIN @ $30.00
BS 62/64 @ $24.00
BS 70 MIN @ $25.00
HBH 54/56 @ $18.00 OR 0.2550
NHNC 51/53 @ $20.00 OR 0.3000
SHNC 51/53 @ $16.00 OR 0.2400
HNDS 64/68 @ $36.00
HTS 62/64 @ $21.00
HTS 70 MIN @ $24.50
BS 62/64 @ $21.50
HBH 54/56 @ $13.00 OR 0.1850
NHNC 51/53 @ $13.00 OR 0.1950
SHNC 51/53 @ $10.50 OR 0.1575
SHNC NO WEIGHT @