Last week, the US hide market traded from steady to $1 lower depending on source and selection. The reported export sales last Thursday were impressive for the second consecutive week with hides and wet blue sales at 870,000. However, despite momentum from these sales, the follow-through business slowed with many bids well below market prices. A few people are claiming the market appears to be more stable, but as of last week, few buyers were…
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...