The US hide market concluded the week with higher prices than the previous. The Jacobsen Hide Index ended the week up to $25.51 from last week’s close of $24.96. The lack of shipping containers and equipment have become an issue for a number of sellers. Some buyers have requested large volumes of product, but the offers had to be turned down due to the inadequacy of steer hide material and containers.
[HIDE-SALES]
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending November 5, export sales for 2020 marketing year decreased 3 percent to 406,152 from 492,767 and shipments decreased 11 percent to 462,899 from 570,023. Sales for marketing year 2020 totaled 23,261,462—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 608,948, total export…
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...