Cow Hides Demand Surpasses Steer Hides in Week 49

Cow Hides Demand Surpasses Steer Hides in Week 49

The USDA export sales figures were weak for week 49 (detailed below) and several sellers stated the sales were mainly for cowhides rather than steer hides. Cow sellers reported strong sales over the past several weeks at steady to current market price levels, except for branded cows which were traded $1 to $0.50 higher than last reported levels.

Fed branded cow hides with the weight of 62/64lbs traded at $18, down $1 from last traded levels. 

Several sellers reported strong volumes of bids for all material this week. One trader suggested the interest to buy may be partially encouraged by buyers’ lines of credit. If a tannery falls short of their predetermined line of credit, they are at risk of a lower allowance the following year. This encourages the tannery to buy more material, in attempt to reach the max of their line of credit before year-end.

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

05.16.2024

Animal fat prices steady on limited volume traded

Animal fat prices steady on limited volume traded

Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.

On Thursday,...

05.16.2024

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Animal protein prices were steady on Thursday May 16.

Market sources reported an uptick in interest, but the upcoming Memorial Day holiday, lower prices for distiller dried grains...

05.16.2024

International animal fats and oils, May 16 2024

International animal fats and oils, May 16 2024

Market sources also reported that UCO traded at €1,065 per tonne on a DDP France basis, while deals for imported UCO were heard at $975 per tonne CIF Rotterdam,...

Latest Tweets