Chinese tanners were active in the hide market booking material and negotiating prices with packers. The items traded at sideways price levels. Some tanners are looking for volume of certain material, but at steady to lower price levels. The items that most tanners are interested in are the lower-end branded steers, cows and bulls. This is the case in the US and Australia.
Packers had fewer offers this week than last as they reported they were in decent positions. Buyers are skeptical about this because leather orders remain slow.
Interest was widespread this week from a variety of industries, but automotive was more active than the week before. Projections for hide buys look to be flat from June to July. These projections are subject to change depending on Original Equipment Manufacturer (OEM) needs. Over the past several…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...