Trading this week was reportedly less than the week prior after the 4th of July holiday slowing business activity. Buyers were willing to pay steady or managed to lower prices by $0.50 to $1 from last traded levels. Automotive tanners were active in the market this week to fill missing orders, but leather demand in the sector remained steady.
The low price of hides continues to encourage sellers to send hides to landfill rather than process due to insufficient profits. On large volume seller of cowhides stated “A conservative estimation of how many hides are likely to be sent to landfill are two to three million hides by year end. However, some estimates in the market are upwards of five to six million hides”.
U.S. Export Sales & Shipments for Week Ending June 29
USDA Cured Hide and Wet Blue Export Sales Recap
For the week ending June 29, export sales for the 2023 marketing year decreased 11 percent, from…
01.15.2025
DOE, USDA release updated GREET, CSA models
On Wednesday January 15, the US Department of Energy (DOE) released the long-awaited update to the Greenhouse Gases, Regulated Emissions and Energy Use in Transportation (GREET) model, now called...
01.15.2025
US animal fats and oils markets climb, tracking gains in vegoils, energy complex
After a relatively slow start to the week, trading in the US animal fats and oils markets gained momentum on Wednesday January 15, driven by developments in the macroeconomic...
01.15.2025
Limited trade keeps most animal protein prices flat; December NOPA crush pressures soybean meal
Limited trade volume was reported to Fastmarkets on Wednesday January 15, with most US animal protein trade prices remaining rangebound for the day, according to market sources.
The...