The US hide market remained relatively quiet on Wednesday August 21, and market sources reported limited activity, with only one trade heard during the day.
Medium-weight Colorado branded steer (CBS) hides were reported at $11.00 per piece, down from the previous trade at $12.00 per piece on Tuesday August 20.
Steady shoes sales may improve amid back-to-school shopping, potential interest rate cut
US consumers remained resilient in their shopping behavior for shoes in the summer, and Fastmarkets’ analysts expect that a possible ease in interest rates during the fall may drive retail sales up.
June’s Federal Reserve Economic Data (FRED) release pegged shoe sales at $2.97 billion, up by 6% from the June average in 2016-2019 but down by 6% from June 2023.
Retail shoe sales performance throughout 2024 tracked near 2016-2019 monthly averages, but inflation dampened consumer spending.
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11.26.2024
Biomass-based diesel market quiet ahead of US holiday
Biomass-based diesel markets were quiet on Tuesday November 26 ahead of the US Thanksgiving holiday.
Biofuel markets in general have slowed ahead of the implementation of the Clean...
11.26.2024
BFT prices climb as some DCO markets trend lower
Bleachable fancy tallow (BFT) prices rose again on Tuesday November 26 during another relatively quiet trade session while the market slows ahead of the Thanksgiving holiday in the US.
11.26.2024
Sluggish trade ahead of Thanksgiving; October broiler slaughter well above 2023
Trade values below the current ranges were indicated on meat and bonemeal, although reported trades were still rangebound on the day.
Fastmarkets assessed the price of poultry by-product...