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…
01.29.2025
DCO prices strengthen as output, ethanol production decline on week
Prices for US animal fats and oils held steady to higher on Wednesday January 29, with much of the day's trade concentrated in the distiller’s corn oil (DCO) markets.
01.29.2025
Automotive leather sector wary of potential US tariffs on Chinese goods
For most US hide sellers, the market remained quiet on Wednesday January 29, as Chinese tanners were away for their Lunar New Year holiday. But some activity persisted, particularly...
01.28.2025
US animal fats and oils Gulf markets show continued price strength amid tight conditions
The US animal fats and oils markets were stable to higher on Tuesday January 28, supported by ongoing discussions of strong demand.
The Gulf Coast region has experienced...