05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Chinese tanners were active in the hide market booking material and negotiating prices with packers. The items traded at sideways price levels. Some tanners are looking for volume of certain material, but at steady to lower price levels. The items that most tanners are interested in are the lower-end branded steers, cows and bulls. This is the case in the US and Australia.
Packers had fewer offers this week than last as they reported they were in decent positions. Buyers are skeptical about this because leather orders remain slow.
Interest was widespread this week from a variety of industries, but automotive was more active than the week before. Projections for hide buys look to be flat from June to July. These projections are subject to change depending on Original Equipment Manufacturer (OEM) needs. Over the past several…
05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
05.02.2024
US animal protein prices flat to lower amid light trading
US animal protein prices were steady to lower on Thursday May 2 amid reportedly limited trading, with multiple market participants traveling to the Petfood Forum in Kansas City, Missouri,...
05.02.2024
International animal fats and oils, May 2 2024
Trade was slow in Europe in the week to Thursday May 2, with animal fats prices showing no change, while the vegetable oil and used cooking oil (UCO) sectors...