Hide market participants were relieved with the temporary halt to the port strike on the US East and Gulf coasts, and hide shipments resumed on Friday October 4. Several packers reported moderate buying interest from Chinese tanners despite the Golden Week holiday (October 1-7), whereas other sellers reported minimal activity. Hide trading was minimal at the end of the week due to the Leather and Hide Council of America (LHCA) meetings, held in Chicago on October 3-4.
The International Longshoreman’s Association (ILA) came to a temporary agreement with the US Maritime Alliance (USMX) late on Thursday October 3, bringing union members back to manning the ports on Friday. A hide seller said that they were able to resume container loading and shipments.
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