Trading in the US hide market was active on Wednesday December 11. Market participants reported trades on steer hides and said they anticipate some pressure on the market in the coming days. Additionally, sources said that tariffs from the administration of President-elect Donald Trump could significantly impact the market, with traders closely monitoring the situation.
The footwear market, particularly the leather shoe segment, showed steady demand for hides at consistently low prices, reflecting a complex relationship between buyers and sellers. Recent economic and market data highlighted the cautious behavior of hide sellers and the persistent price sensitivity of shoe tanners.
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