May and June are historically the slowest months of the year for hide trading, which continues to be the case in 2024. Market participants reported minimal trading over the weekend of May 11-12, after most business was concluded by Friday May 10.
Chinese buyers pushed back on hide offers at current market levels because there were not enough leather orders to justify paying the prices, a few sellers said.
Tanners and finished leather buyers had cash flow difficulties due to late payments for material, several market participants said. Typically, insufficient leather orders available in the market are the reason tanners and finished leather buyers are resistant to pay for material.
Cattle slaughter forecast
Cattle slaughter is forecast by Fastmarkets’ research team at 630,000 head this week, up by 1.29% week on week and down by 1.61% year on year.
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10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
10.17.2024
US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
10.17.2024
US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...