The hide market showed divergent trends on December 5, with some buyers willing to pay flat to last traded prices (primarily large-scale tanners) while others expressed a more negative outlook.
According to a packer, heavy native steer (HNS) hides attracted bids of $29 per piece, but packers declined due to limited supply. Another seller traded HNS hides at $28 per piece, below last-traded levels, noting minimal demand from overseas tanners.
Cow hide trading remained flat in both volume and pricing, according to a few cow hide sellers.
Colorado branded steer (CBS) hides faced a drop of $1 per piece on jumbo weights, driven by higher freight costs that diminish their appeal. Meanwhile, hide weights have increased significantly as cattle grow their winter hair coats, adding up to 7% more weight, which affects both logistics and pricing dynamics.
…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...