Hide demand slowed over the course of the week for buyers in footwear, upholstery, and handbag tanning. Automotive tanners remain active in the market looking to buy for incoming leather orders.
The volumes needed are strong for September shipment which drove prices for heavy native steers up $2 for light-weight packer material. Sellers have stated they carry limited supply of heavy native steers and demand is firm from several customers.
Buyers focused in other areas of the market were unwilling to pay higher price levels than current market due to slow leather demand, high exchange rates and depressed leather prices.
Actual Slaughter by Classification
Table 1.
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
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CWG trades lower as broader animal fats markets hold steady
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October commercial cattle, hog production above 2023
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