Hide demand from buyers minimal; outstanding hide sales increase

Hide demand from buyers minimal; outstanding hide sales increase

Hide trading on Tuesday May 14 continued with the same quiet tone as the day prior, and sellers reported minimal hide demand from buyers. US hide sellers are expected to release hide offers during the night of Tuesday.

A few sellers said that they received buyers at price levels consistent with the week prior.

The consumer price index (CPI) report for April is expected to be updated on Wednesday May 15. Several economists expect the core CPI to increase by 0.3% from the month prior, which was recorded at 3.8%.

Cured and wet blue export shipments by selected countries through May 2

Table 1

Membership required to view content.

Table 2

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

09.06.2024

Signs of US economic downturn send ULSD prices to 3-year low

Signs of US economic downturn send ULSD prices to 3-year low

Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...

09.06.2024

US fat market slides on pressure from soybean oil, energy complex

US fat market slides on pressure from soybean oil, energy complex

Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...

09.06.2024

Sluggish trade volume keeps weekly animal protein prices flat

Sluggish trade volume keeps weekly animal protein prices flat

US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.

Weekly wrap-up
Prices for US animal proteins were little...

Latest Tweets