Hide demand for cows and bulls are strong, with firm sales reported and a generous volume of bids from buyers. Cattle slaughter is high, indicating a high supply of hides. Matching the supply is high demand for leather goods. However, the shortage of containers to move the material is creating a buildup of hide inventory for some sellers.
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through February 18. Through Week 7, the total outstanding sales are 4.467 million from 4.611 million the prior week. With the same period average weekly slaughter at 633,260 head, the cumulative outstanding…
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...