Midweek hide trading was steady to last traded levels for steer hides. Sellers pointed to a large volume of bids from various industries, asking to pay $1-2 down from last trades.
Cowhide interest has slowed from the strong interest one month ago. Tanners of these hides have stated that buying is to semi-process, to build inventories, as well as fulfilling the present leather orders.

Consumer Spending Drives Strong Shoe Sales in August

Consumers continue to spend, despite high inflation and interest rates, driving shoe sales to an all-time high in August. According to the Commerce Department’s September report, retail sales increased 0.7 percent from the month prior. Additionally, Federal Reserve Economic Data (FRED)…