The US market was quiet last week with not as many hides traded as produced. This comes as no surprise with the holidays in Asia keeping a large part of the market on the sidelines. At the USHSLA meeting on Thursday and Friday, the mood was subdued with a number of people saying there isn’t enough demand and they are not looking for any significant adjustments any time soon. With lower volumes, there wasn’t much change with prices and the…
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...