Hide Prices Higher But Shipping Poses a Problem

Hide Prices Higher But Shipping Poses a Problem

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. 


Today’s Trades

[HIDE-SALES]


U.S. Export Sales & Shipments for Week Ending November 5

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…

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