Trading in the US hide market was minimal ahead of Thanksgiving, with most US-based sellers traveling for the holiday. The only reported trades involved flat pricing for heavy native steer hides and butt-branded steer hides, reflecting a subdued market environment as participants paused for the holiday period.
More comprehensive trading updates are anticipated on Monday December 2, when Fastmarkets’ US offices reopen and cover activity during the holiday closure.
Automotive hide demand declines amid slower vehicle sales and production in 2024
The second half of 2024 has been marked by depressed buying for hides intended for automobile manufacturing, as sluggish vehicle sales and declining production levels weigh heavily on demand.
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12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...