US hide market demand and activity continue to be strong despite increased resistance from buyers. Branded steers were up $2 today in what was otherwise a steady market.
Despite some recent trading lower in crude prices, the synthetic market is well supported. Crude oil prices have come off recent highs on while G-20 focus returns to COVID-19 variants and the ongoing vaccine rollout. Financial leaders around the world met at the G-20 summit to discuss tightening oil supplies and the pandemic over the weekend. With the fast-spreading Delta variant and a slow vaccine rollout to developing countries, the leaders expressed concern that total economic recovery is still a challenge. The uncertainties involving the virus raises risk to continued, strong oil demand. Federal Reserve Economic Data (FRED) released their Producer Price Index (PPI) figures for May at 179.2 points which was the highest level since…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...