Last week the US hide market continued under pressure with some buyers testing the market with aggressive low bidding while some stood on the sidelines waiting to see what happens. The pressure was on suppliers to find a level that buyers would step forward and enter the market, especially considering large slaughter numbers coming for summer grilling season. Prices were mixed with trading generally around a dollar or so lower, but a few small…
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...