Additional hide offers will be released tonight which will likely bring more activity later in the week. Each week, offer lists have been increasing with a greater array of selections. Bids from Asian buyers are typically $5 down from last trading levels, which many sellers have rejected. Shipping congestion in the APAC region continues to be a risk to receiving material promptly.
Last week, climate change, plastic pollution and regenerative agriculture were discussed at the virtual Earth Day Summit. Goals were set by to slash emission levels, among them, President Biden’s target for the US is to reduce carbon emission by at least 50 percent under 2005 levels by 2030. With climate change now a major policy focus, the textile industries are likely to make significant change in the near term. Synthetic fibers raise concern in that the recyclability, decomposition and manufacturing all pose environmental threats. Synthetic fibers are largely derivative of crude petroleum and…
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...