The majority of hide sellers’ offering lists will be released tonight. Some packer’s offers contain a variety of items at higher prices than the previous trading week. A few selections are offered for April and May shipment. Leather prices for footwear tanners continue to be under discussion and concern. Many brands are expressing resistance to the higher prices and the frequency of leather price renegotiation.
There was minimal change in Federal Reserve Economic Data (FRED) for the polyester Producer Price Index (PPI), which closed the first quarter (Q1) of 2021 almost 1 point higher than Q1 of 2020. Polyester is a commonly used synthetic fiber which has carried the image of being a sustainable alternative to other materials used in the fashion industry. Recently, this image has been questioned and has raised concern of the environmental friendliness of other synthetic fibers. The Changing Markets Foundation’s Fossil Fashion campaign reported that a shirt that is made…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...