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…
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...