Improved Upholstery Leather Demand Drives Hide Prices Higher

Improved Upholstery Leather Demand Drives Hide Prices Higher

The US hide market has been gaining momentum throughout the past few weeks. A few sources stated that they have vast bidding lists and many buyers are willing to pay a premium for some products. Increased demand from the upholstery sector has been a big driver of the upswing. Today prices were again higher on Heavy Native Steers, Heavy Native Dairy Steers, Branded Heifers, Southwest Dairy Cows, Native Cows, Native Bulls and Branded Bulls.

Outstanding Export Sales

Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through September 12. Through Week 37, the total outstanding sales are 4.953 million from 5.077 million the prior week. With the same period average weekly slaughter at 600,063 head, the cumulative outstanding sales represent 8.25 weeks of production from 8.45 the previous week.

Table 1 & 2.

 

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11.27.2023

Appeals Court Strikes Down EPA’s Denial of SREs

Appeals Court Strikes Down EPA’s Denial of SREs

*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.

On November 22, a U.S. appeals court struck down a decision...

11.27.2023

Cattle Slaughter Forecast Lower to Close out 2023

Cattle Slaughter Forecast Lower to Close out 2023

The market was very quiet today coming off of the long holiday weekend. Most were getting their logistics and bid/offer ideas ready for the week and looking ahead to...

11.27.2023

Hog Slaughter Forecasted Above 2022 Into December

Hog Slaughter Forecasted Above 2022 Into December

Pressure on ruminant meat and bonemeal continues to be reported on accounts of excess offerings from slowed/diminished export trade. Participants communicated low $200s per short ton on ruminant meat...

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