Many buyers continue to push for shipments before the end of the year to avoid any delays or issues from the US winter holidays and Chinese Lunar New Year that are just around the corner. However, the majority of shipments are scheduled for February. Buyers in need of product, in particular upholstery material, are willing to pay a premium for December and January shipment. But, finding stock and containers to complete the sale is raising concern for all players in the market.
[HIDE-SALES]
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending November 26, export sales for 2020 marketing year increased 15 percent to 491,171 from 427,150 and shipments increased 3 percent to 420,169 from 406,978. Sales for marketing year 2020 totaled 24,532,471—mostly all hides. The average…
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...