Chinese Footwear Tanners Active in Hide Market

Chinese Footwear Tanners Active in Hide Market

Interest is mainly from Chinese hide tanners who want to buy material at cheaper or steady to current market price levels. Most interest is for cowhides, but some steer hide bids are only $1-$1.50 lower than last traded levels. Sellers are confident buyers will come up to steady levels. 

Other sellers reported higher availability of heavy native steers (HNS) on the market and not much buyer interest with automotive tanners reducing their weekly buys. HNS may be under negative price pressure in the near-term.

Chinese Footwear Tanners Active in Hide Market

Hide tanners within the footwear industry were actively buying in the US hide market over the past few weeks. Tanners continue to resist price increases and have held the cattlehide market at historical low-price levels despite the increase in demand. 

The spring months are typically the slow season in hide buying for footwear and purchase volumes remain…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

03.28.2024

LCFS credit volumes, average prices move higher

LCFS credit volumes, average prices move higher

**Please note – There will be no Biomass Based Diesel bulletin on March 29, 2024, in observance of Good Friday.**

**Bob Lane was out of the office today.**


California low carbon...

03.28.2024

Diverging FOB and delivered markets to close out March

Diverging FOB and delivered markets to close out March

Please note – The Jacobsen will not publish an Animal Fats bulletin on Friday, March 29th in observance of the Good Friday holiday.

Trading was quiet ahead of...

03.28.2024

March monthly averages mixed for animal proteins

March monthly averages mixed for animal proteins

** Please note: The Jacobsen will not publish a bulletin on Friday, April 29 in observance of Good Friday. **

Light trade was reported for the end of...

Latest Tweets