Hide sellers reported buying interest at flat-to-lower prices on cow and steer hides on Friday September 6. Following the All-China Leather Exhibition (ACLE), buyers were looking for willing buyers to sell at lower than last traded levels. Several sellers refused the lower bids but sold at sideways levels.
Volvo ditched their previously set target of selling only electric vehicles (EVs) by 2030 due to insufficient consumer demand for the models. EVs typically contain less natural leather than combustible engine cars in attempt to follow the environmentally friendly trend. This reduction of EV production allows hide tanners to hold their current market share in automotive upholstery.
USDA cured, wet blue hide export sales recap
US export hide sales decreased by 1.44% to 411,620 pieces in the week to August 29 from 417,630 pieces in the week prior, while shipments decreased by 10.53% to 508,567 pieces from 568,446 pieces.
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01.14.2025
EIA raises US renewable diesel output forecast for 2024-25, lowers 2025 biodiesel production outlook
The US Energy Information Administration (EIA) raised its 2024 forecast for the production of renewable diesel (RD) in the US while maintaining its 2024 biodiesel output estimate in its...
01.14.2025
DCO tracks soybean oil prices higher; fats markets unchanged
Market activity for US animal fats and oils was relatively subdued on Tuesday January 14, though sources noted a bullish sentiment in the market.
01.14.2025
USDA raises 2024/25 forecast for GCAU count, lowers feed grain use estimate
Most US animal protein prices were flat to up day on day on Tuesday January 14. Animal protein products were slow to start the week, with light volumes traded,...