Demand for Packer Heavy Native Steers (HNS) continues to be strong and the limited supply is contributing to strong prices. Other packer steer hides are under pressure, now that the demand from the auto sector isn’t as strong for material under the higher quality HNS. Despite these reports, Butt Branded Steer (BBS) for jumbo weight material moved $1 higher on packer material today. Native Cow (NC) hides also increased in price. Packer hide Northern NC moved $2 higher than last traded prices. Processor hides have kept a strong position in the market, trading up from the last trading day for Dairy Cow (DC) and NC material.
…
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...