The US hide market wrapped up the week with trading done at steady price levels with yesterday’s close. Packers sold more Heavy Native, Butt Branded, and Branded Steer hides at yesterday’s market levels due to demand from Chinese automotive tanners.
Some shoe tanners were active and willing to pay steady levels for Branded Hide selections. However, many are looking for alternative markets for their leather as demand has slowed from the shoe leather sector.
U.S. Export Sales & Shipments for Week Ending October 5
USDA Cured Hide and Wet Blue Export Sales Recap
For the week ending October 5, export sales for the 2023 marketing year decreased 18.9 percent, from 569,661 to 461,839, while shipments decreased 14.6 percent, from 660,179 to 563,516. Sales for the 2023 marketing year totaled 21,273,902 — mostly all hides. The average year-to-date weekly trends for federally-inspected slaughter were…
09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...