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,…
09.13.2024
Haffner Energy to spin off SAF division as independent company
French-based technology company Haffner Energy will spin off its sustainable aviation fuel (SAF) division into an independent entity called SAF Zero, the company announced on Friday September 13.
09.13.2024
Animal fats and oils markets end week stable to lower as SBO, HO continues decline
Prices for used cooking oil (UCO) were slightly lower on Friday September 13, as the heating oil (HO) and soybean oil (SBO) markets continued to slump, closing out the...
09.13.2024
Lackluster trade volume keeps most animal proteins flat
A quiet tone was noted by most market sources in the US animal proteins market for the week to Friday September 13. The only price adjustments were on bloodmeal,...