It is still unclear if US producers have been able to slow the downward price adjustments in the hide market this week. As the normal mid-week buying cycle begins, a few spot sales are reported but not enough volume business to adequately gauge price movement. There are rumors that hide inventories have been creating difficulties for some suppliers. Many people feel this backlog along with the outstanding contracts being negotiated must be…
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...