UAW Strike Continues, Hide Trading is Limited

UAW Strike Continues, Hide Trading is Limited

US hide trading was limited following the weekend due to minimal demand. The majority of the market continues to monitor the United Auto Workers (UAW) strike that began on September 15. Hide shipments have been delayed as tanners hesitate to make new purchases while near-term auto production is unknown.

The strike consists of roughly nine percent of the UAW’s members, according to NPR. This is a small percentage of the workforce, which gives the UAW the ability to increase the number of individuals to walk off if necessary. Hide tanners and steel commodities sources have a sense the strike may last for several days or more.

Cattle Slaughter Forecast

Cattle slaughter is forecast by The Jacobsen at 625,00 head this week, up 1.11 percent from last week but down 6.88 percent from last year. Cattle slaughter finished last week at an estimated 632,000 head, down 13.06 percent from the week prior and down 6.06 percent…

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

06.24.2024

Stable biodiesel production leaves supply, prices unchanged in crude glycerin market

Stable biodiesel production leaves supply, prices unchanged in crude glycerin market

Glycerin prices held steady on Monday June 24, with producers and traders reporting little change to begin the week.

Crude glycerin traders were quoting the market in the...

06.24.2024

Cattle slaughter continues to lag 2022, 2023 levels

Cattle slaughter continues to lag 2022, 2023 levels

Six cars of technical tallow traded at 54 cents per lb Chicago on Monday June 24, and separately two cars of edible tallow traded up to 56 cents per...

06.24.2024

Hog slaughter slightly higher into July; May cattle placed on feed higher

Hog slaughter slightly higher into July; May cattle placed on feed higher

The US domestic protein market was quiet on Monday June 24, with no price changes reported.

US hog slaughter
Fastmarkets’ research team forecasts hog slaughter at 2.38 million...

Latest Tweets