The US hide market concluded the week with higher prices than the previous. The Jacobsen Hide Index ended the week up to $25.51 from last week’s close of $24.96. The lack of shipping containers and equipment have become an issue for a number of sellers. Some buyers have requested large volumes of product, but the offers had to be turned down due to the inadequacy of steer hide material and containers.
[HIDE-SALES]
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending November 5, export sales for 2020 marketing year decreased 3 percent to 406,152 from 492,767 and shipments decreased 11 percent to 462,899 from 570,023. Sales for marketing year 2020 totaled 23,261,462—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 608,948, total export…
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...