01.21.2025
UCO, tallow prices continue to rise
Technical tallow traded higher on Tuesday January 21, up to 52 cents per lb Chicago, which closed the gap with edible tallow.
Bleachable fancy tallow (BFT) was quiet...
Hide demand continues to be steady despite shipping concerns. Wuji is shutting down ports due to the COVID-19 outbreak which poses a major issue for hide exports and imports. Transportation to Mexico is running fairly smooth, but the staffing for drivers is a bit limited as employees take time off for the holidays. Suppliers have been firm on higher prices, while reaction from the buyers has been mixed to start the year.
Today’s Trades
[HIDE-SALES]
U.S. Export Sales & Shipments for Week Ending December 31
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending December 31, export sales for 2020 marketing year decreased 99 percent to 3,641 from 290,338 and shipments decreased 31 percent to 333,642 from 485,628. Sales for marketing year 2020 totaled 25,735,085—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 609,580,…