04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Steer prices were reported up today, returning to last Thursday’s price levels. Heavy Native Steers and Butt Branded Steers have become difficult to move for several sellers, but some automotive tanners continue to trade the selections at steady prices. Buying at steady levels have allowed tanners to lock in leather prices, but a decline in price, like what much of the market is trading at currently, is expected in the near-term. Ford Motors announced temporary plant shutdowns at several locations through the month of June in response to the shortage of microchips.
U.S. Export Sales & Shipments for Week Ending May 13
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending May 13, export sales for 2021 marketing year decreased 33 percent to 294,530 from 440,763 and shipments decreased 18 percent to 467,670 from 568,709. Sales for marketing year 2021 totaled 9,197,270—mostly all hides. The…