Steer Hide Prices Fluctuate

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Steer Hide Prices Fluctuate

Alexandra Watts | 01.30.2024

Today’s steer hide trading was at lower prices than the last reported trading levels as the material remains under pressure due to ongoing weak hide demand from footwear and automotive tanners. Regular weight Heavy Texas Steer (HTS) hides and Butt Branded Steer (BBS) hides traded $2/piece and $0.50/piece down from last reported levels.
Shoe tanners in China are relatively inactive from the US hide market while they are met with weak leather orders and are preparing for holiday closings for the Lunar New...

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Cash Markets Maintain Bearish Tone

Cash Markets Maintain Bearish Tone

Spot trading for vegetable oils remained dull on Tuesday, with the bias still lower pretty much across the board....

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Organic Soybean Oil tracking Conventional

Organic Soybean Oil tracking Conventional

Following up on yesterday’s commentary, there has been only loose historical correlation...

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Weekly Hemp Recap

Weekly Hemp Recap

Last Week's Hemp Commentary

USDA Hemp Survey Launches

The USDA’s...

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Glycerin Prices Seen Holding Steady with Unchanged 2024 RVO for BBD

Glycerin Prices Seen Holding Steady with Unchanged 2024 RVO for BBD

The Jacobsen’s weekly survey of the glycerin market found little change from the week prior. One buyer noted...

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Hog Harvest Forecast to Slow into March

Hog Harvest Forecast to Slow into March

Hog slaughter hit a multi-week high last week, up to 2.689 million head. Producers have been running harder over...

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Cattle Slaughter Forecast below 2023 through February

Cattle Slaughter Forecast below 2023 through February

Limited trade was reported for the start of the week. The IPPE (International Production and Processing Expo) and AFIA...

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Soybean Crush Margins Drop to a 7-Month Low

Soybean Crush Margins Drop to a 7-Month Low

DDGs prices increased in the Minnesota/Dakotas market, while values in Channahon, IL, Indiana, and Ohio dropped. Market participants mentioned...

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Hide Tanners Begin Closing for Lunar New Year

Hide Tanners Begin Closing for Lunar New Year

Trading was active to start the week for some sellers that had negotiations carry into the weekend. Packer Branded...

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11.12.2024

Glycerin prices seen supported by declining biodiesel margins

Glycerin prices seen supported by declining biodiesel margins

Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....

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11.12.2024

Animal fats and oils prices stable amid losses in vegoil markets

Animal fats and oils prices stable amid losses in vegoil markets

"I think the big drop in soybean oil had everyone take a pause,” one source said.

December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...

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11.12.2024

Meat and bonemeal, bloodmeal higher on active demand

Meat and bonemeal, bloodmeal higher on active demand

Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.

Porcine meat and bonemeal prices were steady to higher according to sources...

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