Market sentiment was negative today when considering the weak hide demand from automotive and footwear hide tanners. Tanners in these leather sectors were interested in buying material but were firm on paying lower or steady to last traded price levels.
A trader sold regular-weight Colorado Branded Steer (CBS) hides steady to their last traded level of $20/piece. He mentioned the material was sold in the regular-weight category but will ship much heavier because of the way hides are being fleshed during the winter. The packed-on snow and manure on the hide makes fleshing more difficult. Winter weight hides will ship at higher weights which increases freight rates.
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12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...