The hide market had a quiet tone today. Northern branded cows traded $1 less then yesterday’s price levels. Sources reported that the market continues to be mixed. Suppliers reported that they continue to see an overall, decent demand from several destinations. Transportation continues to be a challenge, and the continuing war in Ukraine and increased COVID restrictions in China have exacerbated this issue for many in the hide industry. Sources have commented that there hasn’t been an increase in orders from most, but upholstery business continues to be more active and the footwear industry it remains quiet.
To begin the new year, home starts dropped contributing to lower furniture sales in January and February. Federal Reserve Economic Data (FRED) reported February advanced…
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...