Furniture Sales Continue at Near Term Highs Despite Shipping Woes

Furniture Sales Continue at Near Term Highs Despite Shipping Woes

Steer hides traded at steady price levels, consistent with yesterday’s reports. COVID-19 outbreaks in China have increased, causing concern in the market but Chinese furniture upholstery tanners remain active. Shoe upper tanners in China remain interested in material but are pushing for lower prices. Logistic issues remain with continued reports of cancelled or changed bookings and insufficient labor or transportation equipment.

Strong Furniture Sales Continue

As COVID outbreaks and shipping issues have snarled global trade, hide prices moved lower in the second half of the year with sellers dropping values to hold the strong demand. Northern Heavy Native Dairy Cows, a popular selection used in furniture upholstery, currently trades at $22.50 per piece, down from early August’s $33.25. Furniture sales remain elevated, despite the supply issues that have…

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