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.
[HIDE-SALES]
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,…
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...