Chinese Domestic Furniture Tanners Active in US Hide Market

Chinese Domestic Furniture Tanners Active in US Hide Market

Please Note

Friday Publication Hours in Effect — Today’s Trade Reporting Deadline 2 p.m. CST

Friday publication hours are in effect. The deadline for trade reporting will be at 2 p.m. CST with publication of the Hide & Leather Price Guide/Commentary soon after.

The week wrapped up with heavy native and butt branded steer trading sideways while branded cows traded $1.25 higher per piece than last reported. Interest in cow material is from furniture upholstery tanners from the Hebei province in China. This area was active in the US market all week. Participants reported the greatest demand are those who specialize in Chinese domestic furniture. Tanners claim drop split prices increased this week, which encouraged prices for cowhides to move upward. Also, some market players believe that the Chinese government may unleash credit before year end which could revive the real estate market. Furniture tanners may be building inventory…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

12.10.2024

September renewable diesel shipments to West Coast reach new high

September renewable diesel shipments to West Coast reach new high

September interregional shipments of biodiesel to the West Coast were down, while flows of renewable diesel (RD) to the region reached a six-month high, monthly data released on November...

12.10.2024

Gulf UCO prices continue to rise, Midwest fats remain ‘soft’

Gulf UCO prices continue to rise, Midwest fats remain ‘soft’

Prices for used cooking oil (UCO) delivered to the US Gulf Coast continued to climb on Tuesday December 10, even as markets softened in other regions.

Sizeable volumes...

12.10.2024

Bloodmeal prices rise with strong demand

Bloodmeal prices rise with strong demand

Ruminant bloodmeal traded higher late Monday and on Tuesday December 10, up to $1,200 per short ton FOB Missouri River.

The move comes due to increased demand and...

Latest Tweets