The U.S. hide market ended the week steady. Sources reported that the potential for a labor strike at the High River plant in Canada that a shut down could produce significant disruption to the U.S. cattle market. This could shift as many as 80,000 fed cattle to U.S. slaughter facilities, but a deal to avert disruptions seems to be in play. Sources are reporting strong hide production and strong demand, but the market is under pressure due to the Omicron variant, which is generating concern of another round of lockdowns in crucial tanneries.
The week’s estimated cattle slaughter was 676,000. The previous week’s kill was 566,000 and the corresponding week last year it was 669,000. Year-to-date slaughter at 30.84 million is up 2.9 percent 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...