The US hide market wrapped up the week with trading done at steady price levels with yesterday’s close. Packers sold more Heavy Native, Butt Branded, and Branded Steer hides at yesterday’s market levels due to demand from Chinese automotive tanners.
Some shoe tanners were active and willing to pay steady levels for Branded Hide selections. However, many are looking for alternative markets for their leather as demand has slowed from the shoe leather sector.
U.S. Export Sales & Shipments for Week Ending October 5
USDA Cured Hide and Wet Blue Export Sales Recap
For the week ending October 5, export sales for the 2023 marketing year decreased 18.9 percent, from 569,661 to 461,839, while shipments decreased 14.6 percent, from 660,179 to 563,516. Sales for the 2023 marketing year totaled 21,273,902 — mostly all hides. The average year-to-date weekly trends for federally-inspected slaughter were…
09.13.2024
Haffner Energy to spin off SAF division as independent company
French-based technology company Haffner Energy will spin off its sustainable aviation fuel (SAF) division into an independent entity called SAF Zero, the company announced on Friday September 13.
09.13.2024
Animal fats and oils markets end week stable to lower as SBO, HO continues decline
Prices for used cooking oil (UCO) were slightly lower on Friday September 13, as the heating oil (HO) and soybean oil (SBO) markets continued to slump, closing out the...
09.13.2024
Lackluster trade volume keeps most animal proteins flat
A quiet tone was noted by most market sources in the US animal proteins market for the week to Friday September 13. The only price adjustments were on bloodmeal,...