04.23.2024
Rising BOHO spread spurs RIN values higher
Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which...
Hide demand from Korea remains firm with sales in small volumes and at steady prices. Chinese customers have sent in bids, but at lower prices than last trading levels. The selections with the most interest are for Branded Steers (BRS), Butt Branded Steers (BBS) and Colorado Branded Steers (CBS). BBS traded up $4 today, returning to last Thursday’s price levels, driven by firm automotive leather business.
U.S. Export Sales & Shipments for Week Ending April 15
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending April 15, export sales for 2021 marketing year increased 29 percent to 430,114 from 333,365 and shipments increased 3 percent to 512,343 from 496,434. Sales for marketing year 2021 totaled 7,570,308—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 638,149, total export sales were 504,687 and total export shipments were…