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…
11.19.2024
Glycerin trades for 2025, lack of supply expected to support pricing: sources
Glycerin offers for the first quarter of 2025 have been feeling out the market over the past several weeks. A trader confirmed buying small quantities of 80% crude glycerin...
11.19.2024
US animal fats and oils markets steady; Gulf demand remains strong
The US animal fats and oils markets remained largely steady on Tuesday November 19, with limited trading activity and most market discussions centered around...
11.19.2024
Missouri River bloodmeal prices higher; Mid-South pet food-grade poultry by-product narrows
US animal protein prices were steady to higher on Tuesday November 19.
Fastmarkets assessed meat and bonemeal, ruminant, Missouri River at $250-320 per short ton, steady day on...