September 24
Argentine slaughter continues running at a high rate. Demand for hides increasing, but not yet at the rate of supply. Some tanneries have agreed to pay Arg. 2 pesos per kg of raw fresh hides (about US$0.02), in an attempt to stop the repeal of the export rate for raw hides. The frigorificos are promoting this additional payment.
Good quality Buenos Aires wet salted heavy steers prices continue to quote at about US$0.04 per kg.
Tanneries continue to work at little capacity since the demand for crust and finished leathers remain low at market prices.
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…
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...