Hide Buyers Resistant to Further Price Increases

Hide Buyers Resistant to Further Price Increases

Buyers have been quiet this week with the exception of automotive tanners that are looking for heavy native steers (HNS) and butt branded steers (BBS). HNS traded $0.50 down from yesterday and most sellers are in low supply of the material. BBS sold $1 higher than last traded but sellers stated the incoming production of BBS and Colorado branded steers are likely to be firm in the fall months.
A big packer released their offer list for this week with several items available with September and October shipment.
A few processors reported difficulty to sell cow hides and they had not seen much demand from automotive tanners.

Cured and Wet Blue Export Shipments by Selected Countries — Through July 27

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06.21.2024

Total RFS mandate 46% complete in May, buoyed by D4 production

Total RFS mandate 46% complete in May, buoyed by D4 production

The generation of Renewable Fuel Standard (RFS) RINs in the US has got off to a strong start, with more than two billion RINs having been produced in two...

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A car of lard traded...

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Lower summer demand weights on poultry meal market

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The market was mostly steady, with no...

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