US auto production slumps 32% in December; hide market quiet

US auto production slumps 32% in December; hide market quiet

The US hide market remained quiet on Wednesday February 26, with no new trades reported and prices holding steady. Market participants reported some interest on steers and dairy cows, but this was not strong enough to impact pricing.

The chart below compares domestic auto production with total vehicle sales in the US for 2023 and 2024. While vehicle sales in 2024 have generally increased compared with 2023, production showed a significant decline. Notably, production experienced sharp drops mid-year and in December 2024, whereas vehicle sales fluctuated throughout the year.

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Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

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