09.20.2024
BOHO spread reaches two-month high
The BOHO spread rose sharply on Friday September 20 to its highest since late July, as October soybean oil futures on the Chicago Mercantile Exchange traded higher and ultra-low-sulfur...
Hide trading was limited today while buyers and sellers hold off for face-to-face meetings at the All-China Leather Fair (ACLE).
Sellers managed higher price levels for cow hides as buyer demand for low-quality material increased this week. This interest was driven by furniture tanners in China.
Several sellers offered little to no steer hides this week to have some to offer the next at the conference.
U.S. Export Sales & Shipments for Week Ending August 17
USDA Cured Hide and Wet Blue Export Sales Recap
For the week ending August 17, export sales for the 2023 marketing year increased 0.30 percent, from 411,630 to 412,854, and shipments increased 2.30 percent, from 495,421 to 506,805. Sales for the 2023 marketing year totaled 17,690,415 — mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 622,829. Total export sales were 536,073 and total export…