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,…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.