05.10.2024
2024 RIN Dashboard April Edition
Renewable Identification Number (RIN) generation has been strong during the first quarter of 2024. The original 2024 mandate was based on fuel assumptions that have since changed. ...
Market sentiment was negative today when considering the weak hide demand from automotive and footwear hide tanners. Tanners in these leather sectors were interested in buying material but were firm on paying lower or steady to last traded price levels.
A trader sold regular-weight Colorado Branded Steer (CBS) hides steady to their last traded level of $20/piece. He mentioned the material was sold in the regular-weight category but will ship much heavier because of the way hides are being fleshed during the winter. The packed-on snow and manure on the hide makes fleshing more difficult. Winter weight hides will ship at higher weights which increases freight rates.
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