October 7
Slaughter volumes improved, but demand fell due to market issues.
As expected, good quality Buenos Aires wet salted steers quote downwards, now at US$0.80 per kg this week.
The auto leather business remains limited due to lack production and use of leather in cars. There are chip, input and energy problems at production sites.
European customer demand increased, especially for light hides more than heavy hides.
The container crisis is still a disruption where it is difficult to get space on a ship. The cost of freight has doubled, and even tripled in some cases, depending on the destinations.
Globally, there is inflation due to higher costs. Additionally, costs in Argentina are expensive, business is unproductive, there are increasing taxes and…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.