Steer and heifer prices have skyrocketed on very strong demand from Korea. For a number of sellers, customers in Korea hadn’t been very active until yesterday, when many bought at asking price of US sellers’ offer lists. This week there interest from Chinese tanneries declined, but those that did show interest were willing to pay higher. Concern over continued price increases has pushed the buyers into the market with a greater sense of urgency.
[HIDE-SALES]
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending March 18, export sales for 2021 marketing year increased 20 percent to 781,438 from 652,011 and shipments increased 3 percent to 479,178 from 463,697. Sales for marketing year 2021 totaled 5,763,806—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter…
01.03.2025
Imports of biodiesel, renewable diesel continued to slow during October
US Energy Information Administration (EIA) data released on Tuesday December 31 showed biodiesel and renewable diesel (RD) import volumes declined during October 2024. Biodiesel imports had fallen during five...
01.03.2025
Renderer BFT prices climb; CWG closes week lower
The US animal fats and oils markets closed the week largely stable on Friday January 3, with the exception of the choice white grease (CWG) and tallow markets.
01.03.2025
US meat meal production in November down year on year: USDA
US animal proteins prices on Friday January 3 were steady day on day.
November animal by-product production, stocks
In November, US production of feathermeal (FM) increased month on...