09.29.2023
Vegetable Oils & Animal Fat Prices Post Week on Week Drop
The market was fairly quiet today with traded volume slowing, but trading still done at lower levels. Gulf BFT traded down to 66 cts/lb delivered late yesterday. Ample nearby...
Please Note
New Friday Publication Hours in Effect — Trade Reporting Deadline 1 p.m. CST Next Friday
The Jacobsen will implement new Friday publication hours next Friday, September 22. The deadline for trade reporting will be at 1 p.m. CST with publication of the Hide & Leather Price Guide/Commentary soon after.
The US hide market ended the week on a quiet tone following the United Auto Workers (UAW) decision to go on strike at plants of three major US automakers. The strike is due to the failure of negotiations between union members and automakers on terms of pay and benefits. Hide tanners in the automotive industry have requested for delays on shipments and are now inactive in making new purchases.
Upholstery tanners from China are now attempting to push prices down due to the strike, but sellers have indicated that they are not in position where they need to lower prices from current…