The US hide market had a slow trading day, as the winter snowstorm closed some processing plants down in the Midwest region of the country. The biggest challenge of container availability continues . The Hebei Province has extended their lockdown until February 25th, while other regions have already begun shutting down tanneries ahead of the holiday. Butt Branded Steers fell $1 on the light and regular weight categories on lower bids.
Federal Reserve Economic Data (FRED) Producer Price Indices (PPI) for hides and synthetic fibers were released for December at 64 points and 127 points, respectively. The PPI for hides ended the year on a strong note, the four quarter (Q4) averaged 64 percent over Q3 and December was the highest point since March of 2019. Hide prices had a similar U-shaped recovery. Heavy weight Heavy Native Steer (HNS-H) prices, for example, closed December at an average of $35.53, up from June’s low of $20.85 and trailing…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...