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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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,...