Regular weight Heavy Native Steers (HNS) traded $1 lower than the last reported levels and the lightweight category also had a $0.50 price decline. Regular weight Butt Branded Steers (BBS) were down $1.50 from last traded levels. This downward price pressure was likely due to the reduced purchase volumes from auto tanners have while the United Auto Workers (UAW) strike is ongoing.
The UAW expanded its strike today to the General Motors SUV manufacturing plant in Texas. The plant manufactures the Chevrolet Tahoe and Suburban, GMC Yukon and Cadillac Escalade which all contain leather from cattle hides.
Sellers expect their offer lists to be similar or to slighly fewer hides than last week. Demand continues from upholstery tanners in China, particularly for cow hides.
Cured and Wet Blue Export Shipments by Selected Countries — Through October 12
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,...