The week began with no trades reported, but several sellers reported sales over the past weekend were at last traded levels. More business is expected to close over the course of the week, as several sellers held ongoing negotiations with buyers following the APLF leather fair in Hong Kong.
Last week, most sales of cow hides and hides for footwear, such as Colorado Branded Steers, Branded Steers and Heavy Texas Steers, were traded at steady to current market levels. Some specialty items were sold were $0.50/piece to $1/piece above last traded levels.
Sellers initially held firm on prices for automotive-intended hides, such as Heavy Native Steers and Butt Branded Steers, but were faced with some resistance and price pressure from buyers.
This week is Holy Week in Mexico. Business with tanners in Mexico is likely to be slow during the holiday celebrations.
Cattle Slaughter Forecast
Cattle…
11.20.2024
Biodiesel supply tightens heading into the new year
Producers, blenders and fuel suppliers are reporting a slowdown in trading this week. A Fastmarkets survey of participants showed that overall sentiment has the market slowing ahead of...
11.20.2024
California UCO prices climb; DCO production eases slightly from record high
US animal fats and oils prices showed mixed trends on Wednesday November 20, with most market activity concentrated in the Gulf and West Coasts.
11.20.2024
US animal proteins steady; avian flu in birds increases in fourth quarter
US animal protein prices were steady on Wednesday November 20. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving weekend starting on Thursday...