Today’s Market
Wednesday’s reports were typical for midweek activity. There is good demand for quality hides, as Heavy Native Steers selections continue to receive interest. It has been reported that tanners are bidding below what was paid last week, despite the steady prices. Suppliers have been holding firm on prices during negotiations.
[HIDE-SALES]
The Federal Reserve Economic Data’s figures of May 2020 US retail auto sales have posted an increase of 52 percent from April’s record low. When the COVID-19 pandemic hit this sector in February, auto sales had fallen significantly to $61.705 million, representing a 30 percent decrease from the prior four-year average for April. Hide prices had followed suit, also receiving downward…
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...