Buyers continue to be relatively quiet at this point in the week while they await offer lists. Sellers have more to sell this week after coming off the weekend with limited carry over business. Sellers remain skeptical of the steer market due to slowed interest from tanners in Mexico and the automotive business.
Split prices in China increased last week to 2,800 to 3,000 CNY, up 200-400 CNY (US$29 – 58) from last traded levels. Tanners are using this in leather price negotiations, but tanners are still hesitant to pay higher prices levels for raw material.
Cured and Wet Blue Export Shipments by Selected Countries — Through April 27
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01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...