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.
Native heifers were reported $2 lower today, but a big packer reported a bid for $3 less than last traded levels. Bids from Chinese customers were a bit higher today than earlier in the week but were still less that the current market levels. Continued issues revolving shipping and deliveries are ongoing, causing further cancelations and delays.
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending December 30, export sales for 2021 marketing year increased 1,430 percent to 105,264 from 6,879 and shipments increased 37 percent to 540,357 from 394,543. Sales for marketing year 2021 totaled 25,328,375–mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 637,021, total…