The US hide market concludes the week holding at steady lows. Prices remain relatively unchanged, with the exception of a few major dips. HNDS and Kip Skins are among the prices that have seen a dramatic decrease. Not many buyers are bidding higher than the lower prices. The consistent lower prices and lack of demand are an indication that leather manufacturers don’t have much of an appetite for the product. Also, with meatpacking plant closures, the slaughter is significantly lower than the previous year. Big packer steer quotes included HNS from $23.50, BBS from $16 to $21.50, BS at $13, and CBS at $13 and HTS at $18 FOB plant.
Week-Ending Slaughter
The week’s estimated cattle slaughter was 425,000. The previous week’s kill was 465,000 and the corresponding week last year it was 673,000. Year-to-date slaughter at 10.564 million is down 4.2% from…
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...