This has been a whirlwind of a week for the US hide market. As we are entering the bear market, US hides has been dropping in price to some of the lowest they’ve ever been. The talk within the industry has an uncertain tone, but is maintaining a certain persistency. Tanners are focused in completing orders and ensuring the completion of transactions. With all Italian industries on halt until April 2nd&nb…
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...