Today’s Market
Again, little was reported today. This temporary reduction in slaughter is giving some supply side relief. However, the lower hide prices aren’t attracting demand because of the lack of leather orders. The limited reports are steady with the current, printed ranges.
[HIDE-SALES]
Mandated shelter in place orders have had a significant impact on the economy and one of the first sectors to slow down, or switch production efforts, has been the auto industry. On top of the minimal buying interest, the manufacturers have had to reassign their production focus. As COVID-19’s spread accelerated through the world, some of the factories, such as GM and Ford, had shut down auto production to focus on producing ventilators.
01.08.2025
Tallow trades persist amid tight markets; DCO, ethanol production down slightly
Trade in the US tallow markets continued to gain momentum on Wednesday January 8, following sluggish demand throughout much of December.
Another four railcars of packer-grade bleachable fancy tallow (BFT)...
01.08.2025
US ruminant meat and bonemeal prices fall further in most regions
Meat and bonemeal spot prices in the US dropped further on Wednesday January 8. A sizable number of distressed loads of both porcine and ruminant meat and bonemeal were...
01.08.2025
US weekly ethanol production drops; stocks reach 7-month high
US weekly average ethanol production fell to 1.102 million barrels per day in the week to Friday January 3, according to the US Energy Information Administration (EIA) report released...