Pressure continues for the US hide market with limited sales at steady to slightly lower levels as supplier’s try to keep high production levels moving. Slaughter is expected to continue strong for the near future with large placements of cattle from March through May bolstering supply of market ready cattle and packer enjoying a profitable run. Meanwhile improvements in leather demand for the Fall/Winter shoe seasons has not materialized yet…
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...