Sellers in the US hide market were bearish on market direction today, while global shipping concerns and the ongoing war contribute to limited hide buying. Most buyers are not urgently purchasing if they do not need the material. Steer hides traded at steady to slightly lower prices levels, but in limited volume. Worldwide inflation and auto supply chain disruptions are also adding negative sentiment to the hide market. A US packer reported Korean tanners have begun delaying contracts and auto tanners have slowed hide buying due to insufficient auto parts.
U.S. Export Sales & Shipments for Week Ending March 10
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending March 10, export sales for 2022 marketing year increased 5 percent to 491,119 from 468,477 and…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
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...