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…
07.25.2024
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US Gulf tallow prices boosted by limited spot supply, strong Chicago market
Tallow with max 20% free fatty acids (FFA) traded at 51 cents per lb delivered US Gulf on Thursday July 25, following trades earlier this week at that price.
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Animal protein values flat; June poultry slaughter below traditional trends
US animal proteins values were indicated as rangebound on Thursday July 25, with light trade volume reported from multiple market sources.
US broiler slaughter
Fastmarkets' research team...