On the supply-side of the US maket, production is high and beef demand is strong. China is slowly coming back to business and will take around half of the supply, helping to cure the incoming hides. Once the hides are salted and cured, they are stored because of the little demand. Currently, the US hide market is experiencing demand destruction due to the hide nonexistent demand. While consumers are taking care of their health and remain in…
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...