According to a few shoe tanners, natural leather regained market share in the footwear industry during the third quarter of 2024, but minimal improvement to leather prices weighed on hide price improvements. Buyers were attracted to the inexpensive nature of leather, but using leather in footwear designs remained controversial to brands when looking through a sustainability lens and the overall weakness of the economy were contributing factors to hold leather prices at relatively depressed levels.
Federal Reserve Economic Data (FRED) released US retail shoe sales data for July, with sales totaling $3.44 billion, down 1% by year on year. Shoe sales throughout 2024 tracked slightly below sales of the year prior.
Inflation and tight consumer affordability were drivers for the restrained sales, which several footwear brands, such as Nike, noted in recent earnings reports.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...