The US hide market was active today with increased trading prices. Premium hides are in high demand driven by shoe leather production. Selections that have had price increases are steers, heifers, cows and processor steers. Sellers reported a many bids and strong interest, but much more resistance from Chinese tanners for additional price increases. Next week, packers are expecting more buyer resistance than this past week.
Auto sales declined into the summer amid the microchip supply shortage, but microchip sales rose in…
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...