Negative Price Pressure Remains in Cattle Hide Market

Negative Price Pressure Remains in Cattle Hide Market

Hide interest remains firm for cow and some steer selections, but shipping continues to cause delays and cancellations for all sectors of the leather supply chain. Additionally, the spread of the new coronavirus Omicron variant is a risk to continued leather demand. The demand for beef is strong, but labor shortages have slowed the slaughter production lines in attempt to keep facilities at a limited capacity. Negative hide price pressure remains. 

U.S. Export Sales & Shipments for Week Ending November 18

USDA Cured Hide and Wet Blue Export Sales Recap

For week ending November 18, export sales for 2021 marketing year decreased 28 percent to 473,604 from 660,290 and shipments decreased 13 percent to 426,267 from 533,373. Sales for marketing year 2021 totaled 23,660,000-mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 641,816, total export sales were 514,348 and total…

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
  • 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...