The US hide market was inactive over the weekend as most sellers wrapped up their business at the end of the week. Typically, hide trading is slower during this time of year and 2023 is following along this seasonal trend.
The Federal Reserve plans to meet tomorrow and Wednesday to discuss the state of the economy and the debt ceiling. The Fed has already raised interest rates 10 times in the last year to grapple with rising inflation. If the Fed decreases rates or holds them steady, it indicates inflation is cooling and consumers may increase spending and borrowing again. The hide market is hopeful to see rates decrease or hold firm.
Cattle Slaughter Forecast
Cattle slaughter is forecast by The Jacobsen at 635,000 head this week, down 2.25% from last week and down 5.00% from last year. Cattle slaughter finished last week at an estimated 621,000 head, up 8.38% from the week prior and down 7.47% from last year. Over the…
05.14.2024
LCFS credit trading volumes, prices decline on week
California Low Carbon Fuel Standard (LCFS) credit volumes declined sharply while the average credit price moved lower in the week ended Sunday May 12, according to the figures released...
05.14.2024
Animal fats prices steady on the week; Weekly average DCO 36.89% under three year average
Animal fats prices were flat on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the Fastmarket’s Biofuels...
05.14.2024
Dog, cat food exports for Q1 2024 drop in price, volume year on year
Animal proteins prices were steady to lower on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the...