Buyers were more willing to pay flat-to-current market prices on Thursday August 29, but the volumes were lower than the week prior due to the upcoming All-China Leather Exhibition (ACLE). Most buyers and sellers entertained bids but held off from buying material, expecting to discuss in person at the start of the week of September 2.
A trader booked butt branded steer hides at $26 per piece, which was flat to their last purchased hides but up by $0.50 per piece from a trade on Wednesday.
Several sources said that shoe tanners were relatively inactive in the US hide market during the week of August 26-29, whereas upholstery tanners were most active.
USDA cured, wet blue hide export sales recap
US export hide sales decreased by 41.71% to 417,630 pieces in the week to August 22 from 716,483 pieces in the week prior, while shipments increased by 18.76% to 568,446 pieces from 478,666 pieces.
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09.13.2024
Haffner Energy to spin off SAF division as independent company
French-based technology company Haffner Energy will spin off its sustainable aviation fuel (SAF) division into an independent entity called SAF Zero, the company announced on Friday September 13.
09.13.2024
Animal fats and oils markets end week stable to lower as SBO, HO continues decline
Prices for used cooking oil (UCO) were slightly lower on Friday September 13, as the heating oil (HO) and soybean oil (SBO) markets continued to slump, closing out the...
09.13.2024
Lackluster trade volume keeps most animal proteins flat
A quiet tone was noted by most market sources in the US animal proteins market for the week to Friday September 13. The only price adjustments were on bloodmeal,...