The hide market mostly quiet today limited to a couple of active trades. BBS and CBS were down $0.25-0.50 lower than yesterday’s prices levels. Russia’s invasion of Ukraine continues to cause major concerns in the automotive supply chain. The attack also has prompted companies to stop shipping to Russia or suspend operations there. Chip shortages, commodity prices and higher logistics cost have impacted overall sales in the auto industry having automotive sales drop 23% last month. New cars aren’t the only impacted sector, drivers needing automotive repairs are feeling the impact of part shortages from Ukrainian producers.
The week’s estimated cattle slaughter was 644,000. The previous week’s harvest was 654,000 and the corresponding week last year it was 649,000. Year-to-date slaughter at 6,455,000 is…
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...