Trading was steady midweek and more volume is expected to be traded in the second half of the week. Additional seller offers were released last night which brought interest from various countries including Korea. Korean tanners have been relatively quiet over the past few weeks.
Split prices have stabilized this week for US steers, averaging around 5000 RMB per metric ton, after a few weeks of dropping prices.
The United Auto Workers (UAW) strike continues as several workers hold their stance in opposition of the deals made by the Big 3 automakers. Voting on the contract is ongoing, but there has been a considerable amount of disapproval from UAW members.
October Truck Sales Track Above 2016 – 2019 Monthly Average Levels
09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...