Most sellers reported little interest today to buy hides, but some big packers reported widespread interest in volume material. Trading was steady to last traded levels today for butt branded and branded steers, driven by tanners in the shoe and accessory industries.
Seller that are receiving inquires stated the interest is due to incoming leather orders. The interest is for cured hides, rather than wet blue hides.
Auto tanners were active in the market today, trying to reach agreement on prices. Tanners continue to proceed with caution due to the ongoing United Auto Workers (UAW) strike.
U.S. Export Sales & Shipments for Week Ending September 28
USDA Cured Hide and Wet Blue Export Sales Recap
For the week ending September 28, export sales for the 2023 marketing year decreased 8.5 percent, from 622,442 to 569,661, while shipments increased 34.4 percent, from 491,139 to 660,179. Sales for the…
09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...