The US hide market activity was noticeably quiet this week, missing many of the industry representatives who are at or in route to the ACLE in Shanghai. Some of the early feedback indicates domestic leather business in China remains slow with export tanners doing okay. While confirmed trades are down, prices remain close to previous trading levels. With more suppliers and tanners meeting face to face next week, hopefully, light will be shed on…
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...