Strong Steer Hide Demand Continues to Drive Price Increases

Strong Steer Hide Demand Continues to Drive Price Increases

Steer and cow hide demand pushed prices higher today. Many sellers have stepped away from the market, content with their positions at this point in the week. According to the USDA export sales report, China was the largest buyer by volume, representing 74 percent of the global cured hide sales. Chinese customers represented 37 percent of the global wet blue sales while Vietnam made up 26 percent. With hide prices increasing quickly over the past two weeks there is concern from some that leather prices will incease in conjuction, which could lead to reduced leather usage from the designers. 


Today’s Trades

[HIDE-SALES]


U.S. Export Sales & Shipments for Week Ending March 11

USDA Cured Hide and Wet Blue Export Sales Recap

For week ending March 11, export sales for 2021 marketing year decreased 2 percent to 652,011 from 662,255 and shipments decreased 6 percent to 463,697…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

06.27.2025

Sausage casings bulletin, June 27, 2025

Sausage casings bulletin, June 27, 2025

Runner market commentary

Membership required to view content.


...

Membership is required to vi...

06.25.2025

Sausage casings bulletin, June 20, 2025 [corrected]

Sausage casings bulletin, June 20, 2025 [corrected]

Runner market commentary

Membership required to view content.


Membership required to view content.


Exchange rate:
EUR/USD — $1.153

Resale European hog runner:

06.24.2025

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

North American hog runners price published on Friday was incorrect due to a formula miscalculation. The original reported price of $1.63 has been corrected to the accurate rolling average...

Latest Tweets