Hide prices traded close to steady levels today, while leather demand in the upholstery industry continues to be firm. Light weight heavy native steers (HNS-L) traded down $0.50 while the heavy weight (HNS-H) traded up $0.50 from yesterday’s levels. Heavy weight butt branded steers (BBS-R) traded to match the lightweight category, raising $0.50. Heavy weight Colorado branded steers (CBS-H) fell $1 while the jumbo weight (CBS-J) increased $1. Northern branded cows also dipped $1 which is closer to the range from prior in the week. The underlying demand for the auto and furniture sectors have continued driving hide prices up, but footwear is still struggling. As reported to the Jacobsen, many footwear tanners are staying out of the hide market as there is still sufficient inventory from the slow business in the spring and summer.
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02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...