Several sellers reported this week’s trading was slower than the week prior, which was the Lunar New Year holiday week. The exact volume of loads was withheld by several sellers.
Bidding activity increased yesterday with most bids steady to current market levels for steer and cow hides. However, a few sellers reported that the majority of bids for regular-weight Butt Branded Steer (BBS) hides were around $26/piece, down $1.50/piece from last reported levels. This decrease is driven by the slower demand from automotive tanners.
A few sellers reported the hide weights have begun to decrease for steer hides. A few weeks prior, some steer hides were shipping close to 80lbs, but now have come down 1 to 10 lbs./piece depending on the hide selection.
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04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...