Trading was quiet today with no changes reported. The general sentiment in the market was “not yet” on price movements. As indicated previously, there is mixed demand in the market with increased interest and offer prices on some steer selections. As seen in Table 4 below, cured hide sales in China doubled the week of February 25th from the the prior week. Shipping remains a big concern for sellers moving those sales into China.
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through February 25. Through Week 8, the total outstanding sales are 4.415 million from 4.467 million the prior week.
Table…
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...