Over the last couple weeks, the US hide market has traded relatively steady and it begins the week with both sides trying to break the stalemate. Several public offer prices and volumes are similar to last week, but the quiet start to the week sheds little light on demand. Reports from tanners indicate leather prices remain soft to stagnant with some buyers pushing to lower them.
The Week’s Slaughter Forecast
Th…
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...