Today’s Market
It was another quiet day in the US hide market. Limited trades occurred due to the holidays overseas. Korean customers are reportedly returning today, while most Chinese customer are expected to return Friday. However, some buyers in China have remained active through the holiday with bids at steady pricing.
[HIDE-SALES]
Federal Reserve Economic Data (FRED) for August 2020 estimated the US Industrial Production for Apparel and Leather Goods at 58 points, exhibiting a 34 percent improvement from April’s all-time low. April 2020 recorded a decline to 43 points, representing a 36 percent decrease from the 2016 to 2019 average for April. August’s figures indicate a 21 percent downturn from the three-year average of 73 points. Since April, the…
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...