After US steer hides dropping over $35, everyone on the supply side of the market is ready for it to stabilize; however, despite will and many efforts, the bear market continues. A few people this week are more optimistic, seeing positive signs from an increased number of bids—albeit most are low. The sentiment remains mixed and many struggling to work out problems with shipments are finding it hard to see any light at the end of the…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...