Early US hide offers are similar to previous weeks with expectations from most participants that prices should remain unchanged and activity will be subdued with China tanners sidelined most of the week for the National Day holiday.
The following chart shows the total outstanding cured hide and wet blue export sales by selected countries through November 8. Through Week #45, the total outstanding sales are 3.412 million from 3.588 million the prior week. With the same period average weekly slaughter at 625,016 head, the cumulative outstanding sales represent 5.46 weeks of production from 5.74 the previous week.
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Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
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Import demand from...
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BFT, soybean oil weekly average prices tumble
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