The US hide market concludes the week holding at steady lows. Prices remain relatively unchanged, with the exception of a few major dips. HNDS and Kip Skins are among the prices that have seen a dramatic decrease. Not many buyers are bidding higher than the lower prices. The consistent lower prices and lack of demand are an indication that leather manufacturers don’t have much of an appetite for the product. Also, with meatpacking plant closures, the slaughter is significantly lower than the previous year. Big packer steer quotes included HNS from $23.50, BBS from $16 to $21.50, BS at $13, and CBS at $13 and HTS at $18 FOB plant.
Week-Ending Slaughter
The week’s estimated cattle slaughter was 425,000. The previous week’s kill was 465,000 and the corresponding week last year it was 673,000. Year-to-date slaughter at 10.564 million is down 4.2% from…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...