The hide market concluded the week with fewer hides traded than over the past several weeks, and likely, under the hides generated. Most of the business was done for steady money as buyers showed no interest in chasing prices any higher, claiming sluggish shoe leather business couldn’t justify any increases. The cow market continued to outperform steers on decent demand from upholstery and fairly stable auto leather.
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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...