Hide demand for cows and bulls are strong, with firm sales reported and a generous volume of bids from buyers. Cattle slaughter is high, indicating a high supply of hides. Matching the supply is high demand for leather goods. However, the shortage of containers to move the material is creating a buildup of hide inventory for some sellers.
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through February 18. Through Week 7, the total outstanding sales are 4.467 million from 4.611 million the prior week. With the same period average weekly slaughter at 633,260 head, the cumulative outstanding…
12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...