Today’s Market
The US hide market has been slower this week while Asia is away on holiday. However, prices continue to move higher. Packer Heavy Native Steer and Butt Branded Steer prices moved up $2 today. Branded Steers and Northern Heavy Native Dairy Cows are up $1. Colorado Branded Steers are also heating up, quoting up $3 today, but sources have reported that some have managed $8 higher.
[HIDE-SALES]
Domestic auto production in July continued to recover and was just below pre-pandemic levels at 4.5 percent below the prior three-year average of 183,500 units. Historically, July has been a seasonal low for production as manufacturers want to lower inventory for the typical sales decline ahead of the new model rollout. However, auto sales from July through…
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...