Spot vegetable oil markets quiet, depressed amid 45Z uncertainty
US spot prices for vegetable oils closed the week on a quiet and depressed note on Friday December 20.
By the end of the week ended Friday December 20, several sellers in the US hides market reported a decent volume of bids coming in. But most interest was centered around lower-to-flat price levels compared with the last-traded prices.
Cow hides had strong interest overall, except for dairy cow hides, which had the least demand. This lack of interest pushed prices for northern and southwestern dairy cow hides down by $0.50 per piece.
Several steer hides traded at levels slightly lower than...