The US hide market shrugged off the big export sales numbers reported yesterday, concluding another week of slow decline. Prices for a number of hide selections, including a few steers/heifers, dropped $1-$2 while a few managed to hold steady. The market outlook among a growing number of industry participants is becoming more negative than positive; however, a few producers still remain optimistic based on comfortable forward-sold positions…
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...