Weak automotive hide demand drove hide prices for heavy native steers (HNS) lower on Monday August 19, in attempt to move building inventory. Regular-weight HNS hides fell $1.50 per piece from the last-traded price level on Friday August 16. Many market participants were hopeful that automotive leather demand would return with a possible easing of interest rates in the fall.
A trader reported a sale of regular weight heavy Texas steer hides down $1 per piece from the last reported trade, but regular-weight Colorado branded steer hides traded up $2 per piece from the last reported trade. Several sellers said that there was firm demand for lower-priced hides from footwear hide tanners.
Cattle slaughter forecast
Fastmarkets’ research team forecasts cattle slaughter at 612,000 head in the week to Saturday August 24, up by 1.66% week on week and down by 2.33% year on year.
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11.27.2024
Regional biodiesel prices stable amid low buying, selling interest
Regional biodiesel prices were stable on Wednesday November 27 amid low buying and selling interest.
Biofuel markets in general have slowed ahead of the implementation of the Clean...
11.27.2024
US animal fats and oils markets quiet amid Thanksgiving holiday; ethanol, DCO production hits record high
The US animal fats and oils markets was steady on Wednesday November 27, as trading was subdued ahead of the Thanksgiving holiday.
The...
11.27.2024
US animal protein November price average higher month on month
US animal proteins were steady on Wednesday November 27. Light trade was reported from market sources on the last day ahead of the extended Thanksgiving holiday weekend.
November...