Regular weight Heavy Native Steers (HNS) traded $1 lower than the last reported levels and the lightweight category also had a $0.50 price decline. Regular weight Butt Branded Steers (BBS) were down $1.50 from last traded levels. This downward price pressure was likely due to the reduced purchase volumes from auto tanners have while the United Auto Workers (UAW) strike is ongoing.
The UAW expanded its strike today to the General Motors SUV manufacturing plant in Texas. The plant manufactures the Chevrolet Tahoe and Suburban, GMC Yukon and Cadillac Escalade which all contain leather from cattle hides.
Sellers expect their offer lists to be similar or to slighly fewer hides than last week. Demand continues from upholstery tanners in China, particularly for cow hides.
Cured and Wet Blue Export Shipments by Selected Countries — Through October 12
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,...