Strong Leather Furniture Demand, But Supply Shortage Brings Risk

Strong Leather Furniture Demand, But Supply Shortage Brings Risk

Steer trading traded at steady prices today with Branded Steers and Heavy Texas Steers unchanged from the last traded levels. Bids on hides are $1-$2 lower than current trading levels, but negotiations will continue moving into the end of the week. Tanners in Korea and Taiwan continue to show strong demand for US hides, but Chinese tanners are shifting their interest towards Australia due to steady asking prices that are less expensive than US material. COVID interruptions have shuttered operations in Vietnam, which has cut off nearby demand from that country.   

Strong Leather Furniture Demand, But Supply Shortage Brings Risk

Leather furniture demand remains robust, but tanners are concerned if growth will be sustained due to labor and building material supply issues in the home starts market. June’s Federal Reserve Economic Data (FRED) was released reporting $11.7 billion in furniture sales, up 18 percent from the year prior and up 22 percent from the…

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

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.
  • Hidden

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

  • Must be between 10-26 characters. Including 1 number, 1 capital letter, 1 lower case letter, and 1 special character.
  • Hidden

*all fields required

More from the author

04.29.2021

Negative Price Pressure Building, Cow Hides Trade Lower

04.21.2021

March Home Starts Reach Record High

04.14.2021

Apparel & Leather Goods Supply Chain Complications Persist

Blog

07.16.2021

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend    

Vegetable oil prices extended higher on Friday, with U.S. soybean oil futures up again on bean oil/meal spreading as well as...

06.23.2021

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Vegetable oil prices were higher on Wednesday, with overnight gains in palm oil futures driven by bargain buying supporting...

06.04.2021

What’s Ahead in the FOG Markets?

What’s Ahead in the FOG Markets?

Rising Tide – What’s Ahead in the FOG Markets Ryan Standard, Fastmarkets / The Jacobsen The following video is a capture from The Jacobsen Fuels & Feedstocks Virtual Conference...

Latest Tweets

We're less than 16 days away from our Jacobsen Fuels & Feedstock conference. ... https://events.fastmarkets.com/event/f3df1451-f1c1-497d-8818-6be13ef527cc/websitePage:c527be9c-af69-48d1-a107-b3eab50abd0a?utm_campaign=oilseeds&utm_medium=social&utm_source=twitter #renewables #feedstocks #biofuels

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Load More...