Midweek hide trading was quiet, but buyers are actively bidding for steer and cow material. Sellers reported several bids on steer material at $1 less than last traded levels and cow material is steady with last traded levels. The spreading Omicron variant is creating concern amongst several market players of further government-imposed lockdowns in key tanning regions overseas. The port congestions remains a challenge for sellers while cattlehide supply continues at high slaughter levels.
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04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...