Trading and bidding activity in the market was minimal while many tanners in China have begun closing for Lunar New Year (LNY) celebrations. However, most of the bids in the market are from Chinese tanners. Tanners in Mexico and Europe have been relatively inactive this week, with exception of an occasional bid.
According to several tanners in footwear, automotive and luxury sectors, hide demand remains flat with no improvements of leather order volumes from brands.
This week is expected to be a slow week of trading due to the upcoming CLNY holiday.
EU Deforestation Regulation (EUDR) To Increase Traceability of Cattle Hides
In mid-2023, the European Union (EU) approved the EU Deforestation Regulation (EUDR),…
12.31.2024
US consumed 5 billion gallons of RD, biodiesel in 2024: CFAA
The US is on track to consume more than five billion gallons of biodiesel and renewable diesel for the first time, the Clean Fuels Alliance America (CFAA) said in...
12.31.2024
Market activity remains muted amid New Year’s holiday
The US animal fats and oils markets were unchanged on Tuesday December 31, as market activity remained muted amid the New Year's holiday.
Prices for choice white grease...
12.31.2024
US weekly soybean, wheat, corn export inspections drop
Weekly export inspections
Export inspections of US grains showed a decline for corn, soybean and wheat in the week to December 26, according to data from the USDA released...