Please Note – The Jacobsen will not publish a Hide & Leather Bulletin next Thursday or Friday in obsernvace of the Thanksgiving holiday.
The US Hide market finished the week mostly steady. The exceptions were Butt Branded Steers $1 lower than yesterdays price high and Heavy Branded Heifers down $2 from yesterday’s high. Sources report there is still strong demand, but prices remain under pressure due to issues with production and difficulty in transporting hide material. There is still a lot of raw material that can’t be processed which has been a drag on the market.
The week’s estimated cattle slaughter was 677,000. The previous week’s kill was 655,000 and the corresponding week last year it was 666,000. Year-to-date slaughter at 29.588 million is up 3.0% from 2020.
…
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...