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…
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...