Many buyers continue to push for shipments before the end of the year to avoid any delays or issues from the US winter holidays and Chinese Lunar New Year that are just around the corner. However, the majority of shipments are scheduled for February. Buyers in need of product, in particular upholstery material, are willing to pay a premium for December and January shipment. But, finding stock and containers to complete the sale is raising concern for all players in the market.

Today’s Trades

[HIDE-SALES]

U.S. Export Sales & Shipments for Week Ending November 26

USDA Cured Hide and Wet Blue Export Sales Recap

For week ending November 26, export sales for 2020 marketing year increased 15 percent to 491,171 from 427,150 and shipments increased 3 percent to 420,169 from 406,978. Sales for marketing year 2020 totaled 24,532,471—mostly all hides. The average…