Today’s Market
The US hide market closed the week with prices tracking steady to slightly higher. Steer selection have maintained prices similar to last week, with light Heavy Native Steers trading today at $34.50 while the regular weights continue at $34. Colorado Branded Steers are gaining momentum, trading $1 higher. The jumbo weight CBS have risen to $24. With the holidays overseas, there was less activity in the market this week. There have been reports of…
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...