Steer and heifer prices have skyrocketed on very strong demand from Korea. For a number of sellers, customers in Korea hadn’t been very active until yesterday, when many bought at asking price of US sellers’ offer lists. This week there interest from Chinese tanneries declined, but those that did show interest were willing to pay higher. Concern over continued price increases has pushed the buyers into the market with a greater sense of urgency.
[HIDE-SALES]
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending March 18, export sales for 2021 marketing year increased 20 percent to 781,438 from 652,011 and shipments increased 3 percent to 479,178 from 463,697. Sales for marketing year 2021 totaled 5,763,806—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...