Mid-week hide bidding was limited, which is unusual for the US market. Several sellers and buyers expressed their concern with the uncertainty the war brings to consumer demand, additional logistical expenses and supply shortages. A big US packer reported carry-over business from the weekend at steady prices with interest mainly from China, but also Thailand, Taiwan, Japan and Europe. According to several sellers, Korean tanners were fairly quiet last week and this has continued into this week.
Consumer demand to for clothing was strong at the start of the new year as Covid-19 infections decreased and consumer spending increased. Federal Reserve Economic Data (FRED) for advanced retail clothing sales was reported at $18.7 billion for January – up 17 percent from the 2017 to…
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...