04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
Market Activity & Analysis
Outstanding Export Sales
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through August 29. Through Week 35, the total outstanding sales are 5.009 million from 5.028 million the prior week. With the same period average weekly slaughter at 599,806 head, the cumulative outstanding sales represent 8.35 weeks of production from 8.40 the previous week.
Table 1 & 2.
Today’s Market
The market was quiet today with few changes reported. Despite the sellers taking a pause, market sentiment remains stronger with upholstery demand driving the market at present and demand from the footwear sector slowly improving.
Today’s Trades
[HIDE-SAL…