Friday Publication Hours in Effect — Today’s Trade Reporting Deadline 2 p.m. CST
Friday publication hours are in effect. The deadline for trade reporting will be at 2 p.m. CST with publication of the Hide & Leather Price Guide/Commentary soon after.
The week wrapped up with heavy native and butt branded steer trading sideways while branded cows traded $1.25 higher per piece than last reported. Interest in cow material is from furniture upholstery tanners from the Hebei province in China. This area was active in the US market all week. Participants reported the greatest demand are those who specialize in Chinese domestic furniture. Tanners claim drop split prices increased this week, which encouraged prices for cowhides to move upward. Also, some market players believe that the Chinese government may unleash credit before year end which could revive the real estate market. Furniture tanners may be building inventory…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...