September 17
With limited demand for heavier weighted material, raw fresh frigorificos hides remain at zero pesos.
Currently, some tanneries are struggling to reinstate the export tax rate to zero, but all exports of wet salted and wet blue hides are having to pay the export tax again.
Low overseas demand is causing tanneries to continue running at a low rate.
Pundits opined that what is seen is speculative – Europe returned from the holidays and they are digesting their inventories.
There are sales of semi-finished leather at US$1.00 per sq.ft. for total TR selection. The demand in China is for upholstery and auto leather industries, but the auto sector is requesting high-end material.
Most tanneries have little work to complete nor they have many personnel due to a high labor…
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...