Today’s Market
The day was somewhat quiet, with exception of an inrease in Branded Steer prices. After the rebound over the past four weeks, this week has not seen an equally dramatic change. Selections continue to trend upward, but at a slower pace.
[HIDE-SALES]
For the second consecutive month, retail shoe sales in the US are near the prior year’s levels. The Federal Reserve Economic Data (FRED) recently released July data posting the month’s retail shoe sales at $2.48 million. Sales for July have increased a moderate 1.4 percent from June’s sales of $2.45 million, but down from the average increase of 8.6 percent for 2016 – 2019. With improved hide prices, it is reasonable that this increase may be an indicator that the…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...