Cold, Winter Weather Impact January Soybean Crush
**Bob Lane was out of the office today and will return on Monday, March 4, 2024.**
U.S. soybean crushing volumes totaled 195 million bushels in January, the USDA reported on...
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),…