Hide demand continued today with buyers from several origins, including China, to bid on US material. Hide buyers from various industries are interested in buying material at current price levels. The consistent, high demand is likely to drive prices up in the near-term. Upholstery tanners are interested in buying steer material, while the price gap between the steers and cows is tight. Hide trading for packer heavy Texas steers and Colorado branded steers was concluded at steady price levels to last week. Sellers will prepare their offer lists tonight, which will bring more trading activity later in the week. 

ESG & Regional Export Concentration Contributes to Brazilian Footwear Demand

Increasing focus on ESG practices and greater desire to operate within the Americas contributed to high 2021 sales figures for Brazil’s footwear industry. The…