Branded Cow and Dairy Cow selections fell $1 on decreased buying interest from upholstery tanners due to full inventories. Branded Steers also fell $1.50 today on packer material. The bids that sellers have received are significantly lower than last trading levels, with some down $5. Buyers are not very active and continue to bid lower which reasonably suggests they’re not pressured to buy in the near term.
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through April 22. Through Week 16, the total outstanding sales are 4.792 million from 4.813 million the prior week.
Table 1…
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...