A few packers released their offer lists on Monday April 22, which included less hide selections and volumes than in the previous week. More lists will be released late on Tuesday.
One seller said they received bids for dairy cow hides lower by $0.50 per piece than previously traded prices. Dairy cow hide interest has been weak for several sellers over the past two weeks.
Multiple sellers reported that several furniture hide tanners in China’s Hebei province were slower to send deposits and open lines of credit during the week of April 15. The delays indicated buyers’ cash flow difficulties.
A source said that there were minimal leather orders in Europe but added that active buyers in the hide trading market preferred small volumes of hides with quick delivery.
Cured and wet blue export shipments by selected countries through April 4
Table 1
…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...