Sellers reported moderate trading activity from the APLF with most trades closing at steady to current market levels. Buyers resisted price improvements at midweek, but some negotiations are ongoing.
Several sellers reported firm demand from furniture tanners but remain unable to pay increased levels for raw material from the current market while leather prices remain steady.
Automotive tanners remain relatively inactive while they continue to work through their previously purchased hide inventories and incoming leather orders from Original Equipment Manufacturers (OEMs) remain inconsistent.
Strong Retail Shoe Sales, But Hide Prices Remain Stagnant
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04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...