Buyer demand in the US hide market was mild on Wednesday July 24 with several sellers reporting bids that were down by $0.50-$3.00 per piece compared with previously-traded levels. The interest was mainly for butt branded steer hides and plump cow hides.
Most of the buyer interest was from Taiwan, South Korea and China, with a small number from Mexico. Tanners in the Hebei province in China, a popular furniture hide tanning destination, was quiet in the US hide market due to the large availability of hides from competing origins.
Fastmarkets analysts assessed several steer hide markets unchanged on Wednesday.
Luxury leather tanners at risk to close down
Luxury leather tanners struggled to remain profitable in the first half of 2024 driven by weak leather demand, increasing the risk for businesses to fold.
…
10.16.2024
US biofuel margins improve as production uncertainty climbs
Biofuel margins have shown a significant increase over the past couple of weeks, with feedstock prices moving lower while renewable identification number (RIN) values have climbed, Fastmarkets heard on...
10.16.2024
Technical tallow trades higher on otherwise quiet day in US fats and oils market
The US market for animal fats and oils was quiet on Wednesday October 16, with many industry participants in Nashville for the American Fats and Oils Association meeting.
10.16.2024
Light trade volume leaves most animal protein products prices flat
US animal proteins were steady to lower on Wednesday October 16, with the only price change on porcine bloodmeal, Iowa/Missouri/Nebraska.
Fastmarkets assessed bloodmeal, porcine, fob IA/MO/NE at $875-970...