Today’s Market
The US hide market concluded the week with the switch to winter weights on our price guide. The weight switch brought updated pricing on all of our selections, exhibiting the overall market improvement from 6 months ago. Prices for hides used in the automotive sector have grown significantly over the past 6 months; Heavy Native Steers are up $7.25 and Butt Branded Steers are up $8.50. These price increases are in line with the rising demand and…
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...