Midweek hide trading was steady to last traded levels for steer hides. Sellers pointed to a large volume of bids from various industries, asking to pay $1-2 down from last trades.
Cowhide interest has slowed from the strong interest one month ago. Tanners of these hides have stated that buying is to semi-process, to build inventories, as well as fulfilling the present leather orders.
Consumer Spending Drives Strong Shoe Sales in August
Consumers continue to spend, despite high inflation and interest rates, driving shoe sales to an all-time high in August. According to the Commerce Department’s September report, retail sales increased 0.7 percent from the month prior. Additionally, Federal Reserve Economic Data (FRED)…
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,...