Cow hides demand is strong due to the active furniture upholstery business. A number of US hide selections used in this industry increased in price today. At this early point of the week, sellers have reported a quiet tone to the market for other selections, but buyers are actively inquiring about offers. The shipping backup in the APAC region has not improved which is a risk to the timeliness and completion of orders. Tables 3 & 4 illustrate the outstanding sales below, week 10 data indicate a high volume of hides in need of shipment in the near future.
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through March 11. Through Week 10, the total outstanding…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...