The US hide market was quiet on Wednesday September 18, with sources reporting limited activity and stable prices.
Shoe sales improve month on month, down year on year
Despite the cumulative effect of three years of excess inflation, US consumers still showed a willingness to spend more on shoes this summer. This uptick in retail spending in July offered a modest boost to the economy as the Fed slashed interest rates on Wednesday, announcing the first rate cut since March 2020.
July’s Federal Reserve Economic Data (FRED) release pegged shoe sales at $3.44 billion, up by 16% from June but down by 0.8% year on year.
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11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...