Hide trading was quiet today and participants agreed with current price ranges. Additionally, market participants continue to express optimism regarding the improvement in leather demand after prices have been under pressure over the past few weeks.
Trend Continues in 2023 to Replace Natural Leather with Alternatives in Shoes
Footwear hide tanners in the Chinese domestic shoe sector continue to purchase minimal volumes of US hide material and report weak leather orders from brands. Regular weight Heavy Texas Steer (HTS) hides, a commonly used selection in footwear leather, lost 76 percent of value from nine years ago,…
01.14.2025
EIA raises US renewable diesel output forecast for 2024-25, lowers 2025 biodiesel production outlook
The US Energy Information Administration (EIA) raised its 2024 forecast for the production of renewable diesel (RD) in the US while maintaining its 2024 biodiesel output estimate in its...
01.14.2025
DCO tracks soybean oil prices higher; fats markets unchanged
Market activity for US animal fats and oils was relatively subdued on Tuesday January 14, though sources noted a bullish sentiment in the market.
01.14.2025
USDA raises 2024/25 forecast for GCAU count, lowers feed grain use estimate
Most US animal protein prices were flat to up day on day on Tuesday January 14. Animal protein products were slow to start the week, with light volumes traded,...