The tone of the hide market remains poor with suppliers trying to stem the pace of slipping prices but so far unable to overcome the negative momentum. Topping the list among factors contributing to the negative tone is the cycle of resales or repricing on old contracts as prices have dropped.
Hide suppliers report many Asia tanners are backing out of legitimate contracts and are demanding hides be repriced lower in order to take…
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...