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.
The global shipping crisis and power curtailment in China continues to be risks for the US hide market. Big packer offer lists are expected to be extensive this week while the cattle slaughter remains elevated. Cowhides are of interest and there have been reports of business being concluded at steady price levels. Fed steers are difficult to sell in large volumes unless there are price discounts. Korea, Thailand and Taiwan are the most active buyers in the market at the moment.
The growing importance of Environmental, Social and Governance (ESG) has forced the $2.4 trillion-a-year fashion