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…
11.20.2024
Biodiesel supply tightens heading into the new year
Producers, blenders and fuel suppliers are reporting a slowdown in trading this week. A Fastmarkets survey of participants showed that overall sentiment has the market slowing ahead of...
11.20.2024
California UCO prices climb; DCO production eases slightly from record high
US animal fats and oils prices showed mixed trends on Wednesday November 20, with most market activity concentrated in the Gulf and West Coasts.
11.20.2024
US animal proteins steady; avian flu in birds increases in fourth quarter
US animal protein prices were steady on Wednesday November 20. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving weekend starting on Thursday...