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…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.