US hides are highly sought-after with world supply being tight. Many packers have reported they’re well sold while the rest of the market is in a frenzy to buy material to satisfy demand. Automotive and furniture continue to be the main drivers of this demand while footwear trudges behind. However, some footwear tanners have reported slight increases in their interest for some hide selections.
[HIDE-SALES]
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending March 4, export sales for 2021 marketing year increased 54 percent to 662,255 from 429,423 and shipments increased 2 percent to 492,255 from 481,962. Sales for marketing year 2021 totaled 4,330,359—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 639,973, total export sales were 481,151 and total…
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...