Cheap US & Brazilian Hides Sent to Landfill & Gelatin
Hide sellers reported minimal weekend activity in the US hide market. Buyers continue to complain about lacking leather orders...
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Weekly Soybean Crush Margins Drop Significantly with Soyoil Reductions
The estimated Central Illinois crush margin increased week ending May 12th, moving down week-on-week by 8.0 percent. Year-over-year crush margins remain under last year, last week by 52.1 percent from the respective week in 2022. As of last week, pricing for soy meal in Central ILL rose to $440.50 per bushel, a 2.1 percent increase from last week. A decrease in soybeans was witnessed last week, lower by 1.3 percent, from $14.68 to $14.49/lb. Soybean oil was down from the prior week as well,...
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