Consumers Continue to Buy New Cars despite High Interest Rates, Car Prices

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Consumers Continue to Buy New Cars despite High Interest Rates, Car Prices

Midweek hide interest was active from the Hebei province in China for cowhides. Bids were from upholstery tanners in the province. Several sellers reported bid levels close to current market pricing and expect buyers will be willing to pay steady levels at the end of week. Buyers continue to bid several dollars lower than current market pricing on steer hides.

Some packers' offer lists were longer than the week prior and at lower price levels on some steer hides. Mexican auto tanners remain...

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Corn Oil, Cottonseed Oil Prices Steady to Lower

Corn Oil, Cottonseed Oil Prices Steady to Lower

In the Midwest, corn oil cash indications were steady to lower this week. Crude corn oil values in the...

U.S. Organic Corn Imports Decline on Pivot to North American Supply

U.S. Organic Corn Imports Decline on Pivot to North American Supply

Organic corn imports are trending down in the U.S. as end users...

Biotech Firm First to Market with Transgenic Hemp

Biotech Firm First to Market with Transgenic Hemp

Modern hemp breeding is just getting started.  Cannabis has been subject to...

U.S. Biofuel Capacity Reaches All-Time High

U.S. Biofuel Capacity Reaches All-Time High

EIA Biofuels Capacity and Feedstock Update

The Energy Information Administration’s (EIA) July Monthly Biofuels Capacity and Feedstocks Update showed operable...

DCO Prices Move Lower for November Shipment

DCO Prices Move Lower for November Shipment

A negative tone continued to persist in the market today and there was trading at lower prices, although the...

Aug Animal Protein Stocks Higher but Remain below 2022 Levels

Aug Animal Protein Stocks Higher but Remain below 2022 Levels

Values on animal proteins for Tuesday were generally flat. Porcine bloodmeal was reported as low as $850/st, though the...

Corn and Soybean Harvest Move Above LY Levels and the Five-Year Average

Corn and Soybean Harvest Move Above LY Levels and the Five-Year Average

Trading activity for corn gluten products was minimal today with no new prices reported. Market participants indicated...

Cow Hide Demand Falls, Steer Hides Trade Higher

Cow Hide Demand Falls, Steer Hides Trade Higher

Hide sales left over from the weekend were concluded today, although buyers and sellers found it difficult to settle on...

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09.19.2024

SAF roadmap, collaborations announced at Bali International Airshow

SAF roadmap, collaborations announced at Bali International Airshow

At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...

09.19.2024

US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say

US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say

The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.

09.19.2024

Animal protein prices steady; August cattle, hog slaughter down

Animal protein prices steady; August cattle, hog slaughter down

US animal proteins were rangebound on Thursday September 19.

August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...

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