Cotton & Hides Recover in Q4 2020, While Synthetic Remains Steady

Cotton & Hides Recover in Q4 2020, While Synthetic Remains Steady

Hide demand from auto tanners in Mexico continues to be strong, with higher Heavy Native Steer prices up from the previous trading levels. The ease of booking trucks rather than shipping containers has helped to facilitate increased volume into Mexico. Overseas, buyers are quieting down ahead of the holiday and demand from the Far East is expected to slow in the upcoming weeks. 

Federal Reserve Economic Data (FRED) Producer Price Indices (PPI) for raw cotton in December jumped 9 percent from the prior month, now at 114.5 points. The five-year low was in April, when the cotton PPI fell to 78.5 points, which since has made a 50 percent recovery. Hides PPI, another natural fiber, saw a 91 percent recovery in December from its low in July, now reaching 63.5 points. During the recession, both raw cotton and hide prices fell to the lowest they had in ten years-global price of raw cotton reached 63.53 cents per pound in April while hides fell to 24.48 cents per pound in May….

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03.28.2024

LCFS credit volumes, average prices move higher

LCFS credit volumes, average prices move higher

**Please note – There will be no Biomass Based Diesel bulletin on March 29, 2024, in observance of Good Friday.**

**Bob Lane was out of the office today.**


California low carbon...

03.28.2024

Diverging FOB and delivered markets to close out March

Diverging FOB and delivered markets to close out March

Please note – The Jacobsen will not publish an Animal Fats bulletin on Friday, March 29th in observance of the Good Friday holiday.

Trading was quiet ahead of...

03.28.2024

March monthly averages mixed for animal proteins

March monthly averages mixed for animal proteins

** Please note: The Jacobsen will not publish a bulletin on Friday, April 29 in observance of Good Friday. **

Light trade was reported for the end of...

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