Packer offer lists were released last night and more will be released tonight. Offers were close to steady levels. Buyers from several origins are active in the market, inquiring about material a few dollars down from offer prices.
The Commerce Department released September retail sales, up 0.7 percent from the prior month, unveiling the resilience of the American consumers. Shoppers remaining active in the economy may push the Federal Reserve to raise interest rates again. The hide market has been active, driven by consumer demand but remains wary about near-term slowdowns with interest rates catching up to the consumers’ spending habits.
Cured and Wet Blue Export Shipments by Selected Countries — Through October 5
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...