The US hide market was very active today, with a number of higher steer trades. Heavy Native Steer and Butt Branded Steer are in high demand due to the robust automotive business. Most buyers interested in the material are now showing more willingness to buy at steady or increased prices in some cases to secure the material.
[HIDE-SALES]
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending February 25, export sales for 2021 marketing year increased 86 percent to 429,423 from 231,280 and shipments increased 28 percent to 481962 from 375,251. Sales for marketing year 2021 totaled 3,668,104—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 637,024, total export sales were 458,513 and total export shipments were 490,537.
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11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...