The hopefulness that the market will find a stable trading range could be a realized depending on the outcome of business over the next few weeks leading to, during and following the ACLE. Focus has shifted to Asia for hide suppliers around the world looking for a better understanding of the leather market, including hide inventories and forecast for fall/winter leather orders. Suppliers have poured through lots of emails from agents and…
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...