Buyers are continuing to try to push for lower prices and generally reluctant to commit to very large volumes while producers do their best to hold prices. If suppliers are willing to take $1 or so less, hides are being sold in decent quantities—but steady doesn’t get much business. China tanners continue to say leather business is slow and most believe prices will go down later, hence the hesitation to buy.
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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...