Steer prices moved up today, with the upholstery tanners still in strong demand for material. The overall market is slower for a typical Tuesday, but more business is anticipated for the coming days.
The US Department of Commerce Office of Textiles and Apparel (OTEXA) report shows US imports for rubber and plastic footwear increased $2.3 billion from 2014 to 2019 while US imports for leather footwear declined $2.0 billion from 2014 to 2019. Both markets have seen decreases through 2020 tied to COVID-19 disruptions in the marketplace. The increase in rubber and plastic footwear imports is further evidence of a demand shift from the leather market into synthetic materials, including rubber and plastic footwear. The leather footwear market, in terms of imports, is much larger than the rubber and plastics. However, the trend away from leather footwear has been evident in the price direction of cattle hide prices over the last five years. Fashion trends…
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
Table 1
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...