Jacobsen Hide Index Closes at $23.74

Jacobsen Hide Index Closes at $23.74

Today, regular-weight heavy native steers traded $0.50 higher than yesterday but were steady with price levels from the start of the week. Overall market sentiment is pessimistic given the continued negative pressure on prices from buyers. Current market hide prices are tracking at historic lows while global economic activity is weak. Leather has lost significant market share to alternate materials.

The Jacobsen Hide Index (JHI) closed at $23.74, down 5.4 percent from the year prior.

Actual Slaughter by Classification

Table 1. 

Membership required to view content.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

07.19.2024

EU imposes provisional anti-dumping duties on Chinese biodiesel

EU imposes provisional anti-dumping duties on Chinese biodiesel

The European Biodiesel Board (EBB) announced on Friday July 19 that the EU has decided to impose “provisional anti-dumping duties in its trade case against Chinese biodiesel entering the...

07.19.2024

Lard market jumps ahead of weekend

Lard market jumps ahead of weekend

Lard traded higher on Friday July 19 on a Chicago basis, up to 55 cents per lb, and choice white grease traded on a Chicago basis as well, steady...

07.19.2024

IA/MO/NE porcine bloodmeal prices up; other animal protein products down

IA/MO/NE porcine bloodmeal prices up; other animal protein products down

US animal protein prices were mixed to lower in the week to Friday July 19.  Market sources continued to not price pressure from lower soybean meal values and diminished...

Latest Tweets