The US hide market had a quiet tone to start the week on Monday November 4, while most market participants discussed the prior week’s standoff between buyers and sellers when trying for higher-than-last-traded hide prices.
During the week of October 28-November 1, the buyside of the market was accepting of price increases for spready hides intended for the furniture upholstery sector. Several sellers reported increases on premium quality dairy steers and various cow hide selections that are not listed on the Jacobsen Hide Price Guide.
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11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...