The broad number of offerings with price increases so far seems to have chilled the hide market this week. Most suppliers indicate seeing a smaller number of bids that are quite a bit lower than asking prices and trading action has not yet picked up. Next Monday’s Memorial Day holiday will take pressure off the supply side with packing plants dark for the day. If buyers continue to show no appetite for higher prices and with kill lower next…
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...