Hide trading was active over the weekend for cow hides and premium quality Dairy Steers. Sellers pushed for higher cow hide prices as sellers report well sold positions and continuous, firm demand from the furniture upholstery sector.
While automotive tanners in Mexico remain relatively inactive, Chinese automotive tanners are bidding low steer hide prices in attempt to purchase material that sellers need to move. Several sellers reported bids for Butt Branded Steer (BBS) hides to range $25/piece to $28/piece at the start of the week.
Cattle Slaughter Forecast
Cattle slaughter is forecast by The Jacobsen at 650,00 head this week, which is down 1.88 percent from last week and down 0.45 percent from last year. Cattle slaughter finished last week at an estimated 637,000 head, up 3.07 from the week prior and relatively unchanged from last year. Over the next six weeks, slaughter is forecasted at an average of…
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...