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.
…
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...