Hide demand continues to be steady despite shipping concerns. Wuji is shutting down ports due to the COVID-19 outbreak which poses a major issue for hide exports and imports. Transportation to Mexico is running fairly smooth, but the staffing for drivers is a bit limited as employees take time off for the holidays. Suppliers have been firm on higher prices, while reaction from the buyers has been mixed to start the year.
[HIDE-SALES]
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending December 31, export sales for 2020 marketing year decreased 99 percent to 3,641 from 290,338 and shipments decreased 31 percent to 333,642 from 485,628. Sales for marketing year 2020 totaled 25,735,085—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 609,580,…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...