Today’s Market
There have been a few price adjustments in the US hide market today. After yesterday slight bump, we’ve seemed to come back down to the early week lows. Reports in Korea speak of increased interest in automobile interior leather despite May US light vehicle sales reporting down 30 percent. However, this down is not nearly as low as April’s sales.
[HIDE-SALES]
US imports of leather footwear from China are down 36 percent in March of 2020 relative to March of 2019. It is reasonable to expect additional low volume for April when The Office of Textile and Apparel (OTEXA) trade data is released later this week. According to the OTEXA data, major players, such as Vietnam, Italy, Mexico and Thailand have maintained…
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...