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.
[HIDE-SALES]
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…
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...