September 17
With limited demand for heavier weighted material, raw fresh frigorificos hides remain at zero pesos.
Currently, some tanneries are struggling to reinstate the export tax rate to zero, but all exports of wet salted and wet blue hides are having to pay the export tax again.
Low overseas demand is causing tanneries to continue running at a low rate.
Pundits opined that what is seen is speculative – Europe returned from the holidays and they are digesting their inventories.
There are sales of semi-finished leather at US$1.00 per sq.ft. for total TR selection. The demand in China is for upholstery and auto leather industries, but the auto sector is requesting high-end material.
Most tanneries have little work to complete nor they have many personnel due to a high labor…
02.25.2025
Prices for US animal fats and oils hold steady amid pressure from outside markets
The US animal fats and oils markets held steady on Tuesday February 25, with limited new trades reported throughout the day.
Following an active trading week last week,...
02.25.2025
US weekly soybean, wheat export inspections increase; corn drops
Export inspections of US grains showed a decline for corn, but an increase for soybean and wheat in the week to Thursday February 20, according to USDA data released...
02.25.2025
US hide export shipments fall below weekly, yearly levels
US hide trading was relatively slow, with a reported trade on heavy native steers (HNS) at steady levels and a slight dip for butt branded steers (BBS). Market participants...