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),…
09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...