Market sentiment was negative today when considering the weak hide demand from automotive and footwear hide tanners. Tanners in these leather sectors were interested in buying material but were firm on paying lower or steady to last traded price levels.
A trader sold regular-weight Colorado Branded Steer (CBS) hides steady to their last traded level of $20/piece. He mentioned the material was sold in the regular-weight category but will ship much heavier because of the way hides are being fleshed during the winter. The packed-on snow and manure on the hide makes fleshing more difficult. Winter weight hides will ship at higher weights which increases freight rates.
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11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...