Today’s Market
Prices are staying in previous ranges. With a shortage in hides supply and brands closing down for a few months, demand seems to be very limited. The US hide market is in a standstill.
[HIDE-SALES]
Retail shoe sales had been consistently above 2019 numbers through February, but it’s reasonable to expect that trend to snap sharply lower when the FRED releases sales data later this week. March, August and December have been the peak seasonal sales periods for shoes. August likely represents the back-to-school season and December represents a peak due to holiday sales. With a number of states and municipalities restricting activity amongst non-essential services it’s reasonable to expect footwear sales to remain depressed in…
12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...