Today’s Market
Prices are staying in previous ranges. With a shortage in hides supply and brands closing down for a few months, demand seems to be very limited. The US hide market is in a standstill.
[HIDE-SALES]
Retail shoe sales had been consistently above 2019 numbers through February, but it’s reasonable to expect that trend to snap sharply lower when the FRED releases sales data later this week. March, August and December have been the peak seasonal sales periods for shoes. August likely represents the back-to-school season and December represents a peak due to holiday sales. With a number of states and municipalities restricting activity amongst non-essential services it’s reasonable to expect footwear sales to remain depressed 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...