Brazil
Brazilian hide demand for the week ended Thursday November 7 was moderate and supply was tight, which encouraged big packers to increase flesh hide prices by R$0.10-0.20 per kg ($0.02-0.04 per kg).
The price of Brazilian wet blue TR1 hides traded at increased levels from the week prior, at $0.62-0.68 per square foot during the week to Thursday, a few sellers told Fastmarkets.
According to Brazil’s Center for Advanced Studies on Applied Economics Index (CEPEA/B3 Index), which covers daily prices for fed cattle in Brazil’s São Paulo region, beef carcass prices traded in the wholesale market increased by 16% in October due to tight cattle supply and firm global beef demand.
Uruguay
The Regional Conference on Sustainable Livestock Transformation by the Food and Agriculture Organization of the United Nations took place Tuesday November 5 and Wednesday November 6 in Uruguay. The event’s…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...