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Blog

Argentinean Tanners Reduce Hide Purchases Due to Rising Peso

Alexandra Watts | 03.07.2024

Argentina

March 7

Slaughter continues steady with last week.
Beef consumption in Argentina has declined.
Good quality Buenos Aires wet salted heavy steers are quoted upwards from the prior week at about US$0.63/kg.
The Argentinean peso has risen throughout the year of 2024, with the US exchange rate standing at ARS 845.17/USD, representing an increase of four percent from three months prior.
Fixed costs within the leather industry have forced man...

U.S. Soybean Oil Sales Reached Marketing-Year High Last Week

Physical markets were sluggish on Thursday, as market fundamentals remain overwhelmingly bearish. Supply is abundant, and feedstock demand has...

International Animal Proteins 7.3.2024

Bovine meat and bone meal (MBM) prices were lower into China and Indonesia this week. Competition amongst sellers and...

Organic Cracked Corn Imports Weigh on Organic Corn Prices

Organic corn prices are slightly lower as growers move closer to hitting...

Florida Lawmakers Send Sweeping Hemp Legislation to DeSantis’ Desk

Following speculation that pressing budgetary issues would preclude the passing of Florida’s...

Carbon Footprint for Soybean Oil Declines

A new Life Cycle Assessment (LCA) study revealed a significant lowering of the carbon footprint associated with U.S. Soybean...

DCO Production Trends Lower

Packer BFT traded steady today at 41 cts/lb Chicago basis. Trading outside of the Chicago market was quiet/steady. Sources...

Broiler Slaughter Forecast Lower into April

Please Note - Chloe Krimmel will be out of the office until Monday, March 11. In her absence, please...

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Ethanol Production Continues to Drop, Stocks Climb

CME grain prices were mixed on Wednesday. May wheat fell $0.20, closing at...

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Blog

Argentinean Tanners Reduce Hide Purchases Due to Rising Peso

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