The Jacobsen will implement new Friday publication hours next Friday, September 22. The deadline for trade reporting will be at 1 p.m. CST with publication of the Hide & Leather Price Guide/Commentary soon after.
The US hide market ended the week on a quiet tone following the United Auto Workers (UAW) decision to go on strike at plants of three major US automakers. The strike is due to the failure of negotiations between union members and automakers on terms of pay and benefits. Hide tanners in the automotive industry have requested for delays on shipments and are now inactive in making new purchases.
Upholstery tanners from China are now attempting to push prices down due to the strike, but sellers have indicated that they are not in position where they need to lower prices from current…
09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...