Another quiet day of hide trading, but interest is expected to come after packers release offer lists tonight. The majority of already received interest was at decent price levels and good volume. Sellers believe they will be able to bring customers up to current market levels and, dependent on the selection and demand, possibly slightly higher.
Buyers are anticipating leather orders to come by time the shipment is received if they buy now. Several buyers have begun to build inventory at the low, current market pricing.
Low-end cows continue to go to gelatin producers because the cost to process is insufficient for hide seller’s profit margins.
Cured and Wet Blue Export Shipments by Selected Countries — Through May 4
…
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...