So far the hide market has met expectations for those predicting the abbreviated Christmas holiday to be quiet. Several offerings are out early with prices generally steady on very limited selections and bids just starting to come in. For the moment, there appears to be a balance with suppliers and buyers content with current forward-sold and ownership positions. The holiday mood over the next two weeks in the US and the upcoming CNY holiday…
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...