Hide market grapples with shipping delays and surcharges amid US-Canada port congestion

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Hide market grapples with shipping delays and surcharges amid US-Canada port congestion

Alexandra Watts | 11.19.2024

As of Tuesday November 19, several hide market participants continued to deal with shipping disruptions due to the recent port strikes in the US and Canada.

The strikes at the ports of Vancouver, Prince Rupert and Montreal left substantial container backlogs, according to the ports’ websites. Officials at the Port of Montreal expect that congestion could take weeks to clear fully since container handling gradually resumed on November 14. Meanwhile, carriers like Mediterranean Shipping Company (MSC) and Compagnie Maritime d'Affrètement - Compagnie...

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California LCFS 2024 biodiesel production data shows steady canola oil demand, falling soybean oil use

California LCFS 2024 biodiesel production data shows steady canola oil demand, falling soybean oil use

Canola oil-based biodiesel accounted for 25.9 million gallons of Low Carbon Fuel Standard (LCFS) production during the first two...

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Organic soybean import volume from Argentina soars

Organic soybean import volume from Argentina soars

Organic soybean imports from Argentina have accelerated considerably. Organic soybeans originating from Argentine ports over the final 3 months of...

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EIA reduces US biomass-based diesel consumption forecast for 2024, 2025

EIA reduces US biomass-based diesel consumption forecast for 2024, 2025

The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024...

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UCO prices rise to start week; December cattle slaughter expected to decline

UCO prices rise to start week; December cattle slaughter expected to decline

Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday...

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Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand

Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand

US animal proteins were steady to higher on Monday November 18.

Bloodmeal demand was indicated as active by...

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Central Illinois soymeal prices continue to fall, reaching 4-year low

Central Illinois soymeal prices continue to fall, reaching 4-year low

In the week to Friday November 15, the soybean crush margin in Central Illinois decreased by 20.9% week on...

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US cattle hide supply remains tight

US cattle hide supply remains tight

Trading in the US hide market was slow on Monday November 18, but most sources discussed the status of...

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US soybean oil price finds unexpected support from export demand

US soybean oil price finds unexpected support from export demand

The great soybean oil price collapse expected by many has failed to materialize. Increased soybean oil supply due to...

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11.20.2024

Biodiesel supply tightens heading into the new year

Biodiesel supply tightens heading into the new year

Producers, blenders and fuel suppliers are reporting a slowdown in trading this week. A Fastmarkets survey of participants showed that overall sentiment has the market slowing ahead of...

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11.20.2024

California UCO prices climb; DCO production eases slightly from record high

California UCO prices climb; DCO production eases slightly from record high

US animal fats and oils prices showed mixed trends on Wednesday November 20, with most market activity concentrated in the Gulf and West Coasts.

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11.20.2024

US animal proteins steady; avian flu in birds increases in fourth quarter

US animal proteins steady; avian flu in birds increases in fourth quarter

US animal protein prices were steady on Wednesday November 20. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving weekend starting on Thursday...

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