Steer hide sellers concede on softer prices; PCE grows 0.2% in April

Steer hide sellers concede on softer prices; PCE grows 0.2% in April

Please note: Summer Friday publication hours are in effect as of Friday May 31. Fastmarkets will be implementing summer Friday publication hours from May 31 to Monday September 2. The deadline for trade reporting will be at 1pm US Central Standard Time, with publication of the Hide & Leather Price Guide/Commentary soon after.

Buyers pushed for softer hide prices during the week ended May 31, and sellers conceded on prices for several steer selections due to minimal improvements to leather demand in the near-term.

Regular weight heavy Texas steer, branded steer, Colorado branded steer, and light weight Colorado branded steer hides closed at $21 per piece, $20.50 per piece, $18 per piece and $17 per piece respectively, all down $1 per piece from the prior week.

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