Trading in the US hide market was sluggish for Thursday, which is typically the most active day of the week. The trades that were concluded were driven by US automotive tanners that purchased Heavy Native Steers and Butt Branded Steers at similar prices to last trading levels. Heavy Texas Steers were sold overseas up $2 from the last trading level. Demand is firm, but most buyers resist paying higher prices. Packers reported increased shipment volumes from a few automotive tanners in the US.
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending July 15, export sales for 2021 marketing year increased 6 percent to 634,086 from 598,391 and shipments increased 75 percent to 711,115 from 406,501. Sales for marketing year 2021 totaled 14,722,110—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were…
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...