Automotive Industry Challenges Remain; Firming Q4 Auto Sales & Hide Demand

Automotive Industry Challenges Remain; Firming Q4 Auto Sales & Hide Demand

Midweek bidding was active from several origins as the market discussed incoming leather orders for buyers in several industries. Asian tanners were in the market looking for good volume material for steer and cowhides at prices levels $1-$2 down from last traded levels.
Buyers from Taiwan, Korea, Thailand, Mexico, and some parts of China were actively bidding today.
Most shoe tanners from China were absent from the market. Expectations are for shoe tanners to enter the market late in the week, stated contacts.

Automotive Industry Challenges Remain Adding Risk to Firm Q4 Auto Sales & Hide Demand 

Quarter 4 (Q4) is at risk to be interrupted with slow vehicle sales and hide demand due to supply chain woes…

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