The US hide market is still fairly slow at the mid-week point with holidays sidling some buyers from China and Korea. A number of people on the supply side are lauding that the large number of hides sold last week will help the market to stabilize. Meanwhile, this week offers were a mixed bag with some noticeably smaller, while others are the same or slightly larger and asking prices are from steady to a dollar lower.
By most accounts,…
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...