The majority of hide sellers’ offering lists will be released tonight. Some packer’s offers contain a variety of items at higher prices than the previous trading week. A few selections are offered for April and May shipment. Leather prices for footwear tanners continue to be under discussion and concern. Many brands are expressing resistance to the higher prices and the frequency of leather price renegotiation.
There was minimal change in Federal Reserve Economic Data (FRED) for the polyester Producer Price Index (PPI), which closed the first quarter (Q1) of 2021 almost 1 point higher than Q1 of 2020. Polyester is a commonly used synthetic fiber which has carried the image of being a sustainable alternative to other materials used in the fashion industry. Recently, this image has been questioned and has raised concern of the environmental friendliness of other synthetic fibers. The Changing Markets Foundation’s Fossil Fashion campaign reported that a shirt that is made…
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...