The steer hide market gained some positive momentum today as footwear and automotive leather businesses demanded material. There is resistance from several buyers to pay higher prices, but some will pay a few dollars up. The Chinese domestic market holds most of the leather interest. Mexican auto tanners have also increased buying at the end of the week. Some auto factories that had cutdown on production hours have reportedly reopened as the chip shortage has improved.
The microchip shortage continues to hinder auto production and leave dealers…
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...