Bearish Sentiment Builds in US Hide Market

Bearish Sentiment Builds in US Hide Market

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…

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