Trading over the weekend was minimal and sellers reported no price changes.
Tanners in Europe were very inactive with many slowing for the summer vacation season. Sellers in Europe are struggling to attract demand due to the weak global demand for leather goods.
Chinese traders are concern about the future of leather business due to the abundance of competitive materials available at lower prices and due to the slowdown in the Chinese economy. The Chinese customs administration reported June’s exports fell 12.4 percent in value from June of 2022. The decline in exports as well as the weak domestic demand is contributing bearishness to the overall global economy.
Cattle Slaughter Forecast
Cattle slaughter is forecast by The Jacobsen at 640,00 head this week, up 1.11 percent from last week and down 3.53 percent from last year. Cattle slaughter finished last week at an estimated 633,000 head, up 17.44…
01.15.2025
DOE, USDA release updated GREET, CSA models
On Wednesday January 15, the US Department of Energy (DOE) released the long-awaited update to the Greenhouse Gases, Regulated Emissions and Energy Use in Transportation (GREET) model, now called...
01.15.2025
US animal fats and oils markets climb, tracking gains in vegoils, energy complex
After a relatively slow start to the week, trading in the US animal fats and oils markets gained momentum on Wednesday January 15, driven by developments in the macroeconomic...
01.15.2025
Limited trade keeps most animal protein prices flat; December NOPA crush pressures soybean meal
Limited trade volume was reported to Fastmarkets on Wednesday January 15, with most US animal protein trade prices remaining rangebound for the day, according to market sources.
The...