Bidding activity for US hides was active today. Multiple sellers reported an influx of bids from several leather sectors, including footwear. Sellers speculate that tanners have leather orders in hand and have worked through most inventory.
Automotive tanners are beginning to plan for December buys and expect volumes to be fairly consistent with the small volumes, similar to where they’ve been. Most are buying at an as-needed basis.
U.S. Export Sales & Shipments for Week Ending October 19
USDA Cured Hide and Wet Blue Export Sales Recap
For the week ending October 19, export sales for the 2023 marketing year increased 20.1 percent, from 528,483 to 634,779, while shipments increased 0.16 percent, from 567,274 to 568,178. Sales for the 2023 marketing year totaled 22,437,164 — mostly all hides. The average year-to-date weekly trends for federally-inspected slaughter were 621,938. Total export…
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,...