Buyers Actively Bidding For Cow Hides

Buyers Actively Bidding For Cow Hides

Hide trading was active over the weekend for cow hides and premium quality Dairy Steers. Sellers pushed for higher cow hide prices as sellers report well sold positions and continuous, firm demand from the furniture upholstery sector.
While automotive tanners in Mexico remain relatively inactive, Chinese automotive tanners are bidding low steer hide prices in attempt to purchase material that sellers need to move. Several sellers reported bids for Butt Branded Steer (BBS) hides to range $25/piece to $28/piece at the start of the week.

Cattle Slaughter Forecast

Cattle slaughter is forecast by The Jacobsen at 650,00 head this week, which is down 1.88 percent from last week and down 0.45 percent from last year. Cattle slaughter finished last week at an estimated 637,000 head, up 3.07 from the week prior and relatively unchanged from last year. Over the next six weeks, slaughter is forecasted at an average of…

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

03.01.2024

Cold, Winter Weather Impact January Soybean Crush

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...

03.01.2024

Week Closes with Active Gulf Market

Week Closes with Active Gulf Market

Used cooking oil (UCO) traded as low as 39.5 cts/lb into the Gulf market with bids and offers heard in a wide range over the last 24 hours. Offers...

03.01.2024

Animal Proteins – Friday

Animal Proteins – Friday

The market was quiet today with no changes. 

Looking at the monthly averages in February, the markets were mixed in terms of price direction with intra-month volatility seen. 

Latest Tweets