Sellers reported continued trading activity following weekend negotiations. Hides traded steady to current market pricing, or sometimes higher, for material that the Price Guide does not include, such as premium Native Cows, premium Dairy Steers and wet blue hides. Regular weight Heavy Texas Steer hides were traded at $24/piece, which is down $2.50/piece from yesterday’s report and steady with last Friday’s levels.
Tanneries in China are expected to shut down for Lunar New Year (LNY) celebrations beginning mid-January for several weeks, depending on the incoming leather orders. Typically, tanneries will reopen in beginning of February, but some may extend the closure for a few weeks longer if they do not have many leather orders.
Packer offer lists are expected to be released tonight with similar selections and price offers as last week.
…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...