The US hide market had a busy bidding day today. Many bids are reportedly lower than the last traded levels, but sellers continue to push for steady to higher prices. Packers are well sold, with a few December shipments booked but the main focus is on Q1 2021. The lack of containers still poses a problem for many sellers, in particular with the steamships.
US privately owned housing starts for October were up 1.4 million units, or 2 percent from September and 11 percent above the prior three-year average. Since the end of 2019, housing starts in the US have tracked at all-time highs with the exception of the first and second quarters of 2020 when the impact of COVID-19 cases had a freezing effect across the economic spectrum. Low interest rates and a trend of deurbanization are expected to continue to contribute to growth in housing starts relative to prior years.
Tracking…
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...