Market Update
US sellers were able to trade hides $0.50 – $0.75 higher on branded cows and heavy native steers. Sellers credited the lower hide production, as well as some activity from automotive, furniture and handbag tanners, as to why prices were able to move upward today. However, a few sellers noted the automotive tanner interest began to waver today after a few weeks of strong demand.
Australian hide material continues to be lower priced in comparison to the competing countries, but sellers have increased prices about $2 each week for the past three weeks. Sellers continue to see large demand from footwear tanners and others interested in lower-quality hides.
Luxury Leather Demand Weakens in Recent Weeks
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12.08.2023
SAF Output Surges, Robust Policies Still Needed to Drive Growth: IATA
**Bob Lane was out of the office today and will return on Monday, December 18, 2023. In his absence, please contact Amanda Luhavalja at [email protected] **
12.08.2023
Fat Market Slides on Heavy Nearby Supply, Cuts in Feed Demand
There was a lot of activity today to close out the week, mostly at lower prices. Negative pressure had been building through the week on heavy nearby supply, and...
12.08.2023
MBM Prices Continue to Fall on Reduced Export Demand
Considerable pressure on meat and bonemeal remained for this week, with ruminant and porcine markets FOB Mo. River weekly averages dropping 9.0 percent and 7.0 percent, respectively. Excess offerings...