Trend Continues in 2023 to Replace Natural Leather with Alternatives in Shoes

Trend Continues in 2023 to Replace Natural Leather with Alternatives in Shoes

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,…

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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. 

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