Outstanding Export Sales
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through August 1. Through Week 31, the total outstanding sales are 4.741 million from 4.963 million the prior week. With the same period average weekly slaughter at 593,988 head, the cumulative outstanding sales represent 7.98 weeks of production from 8.37 the previous week.
Table 1 & 2.
Today’s Market
Today, light weight Heavy Native Steers and Butt Branded Steers have seen a slight decrease in price from the previous trading day. For a few weeks, these selections had been gaining traction due to the heating up auto industry, but there are now reports of a slowdown for…
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...