The hide market did not change last week as prices continued to drop, falling $2 to $4 or more depending on selection. Contract problems were still the topic of discussion with delays, re-negotiations and cancellations taking up more time than sales for most suppliers. It is commonly believed that this backlog of vulnerable old contracts will have to be dealt with before the market finally stabilizes.
Most people remained negative with…
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...