Hide buyers remain active negotiators in the US market with greater success this week in keeping prices to steady to slightly higher. Packer offers were $1-$2 higher this week, sources noted increased price resistance especially from the Chinese tanners struggling to raise finished leather prices.
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending July 8, export sales for 2021 marketing year increased 16 percent to 598,391 from 517,44 and shipments decreased 19 percent to 406,501 from 501,277. Sales for marketing year 2021 totaled 14,088,024—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 637,958, total export sales were 521,779 and total export shipments were 500,109.
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04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
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04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...