Hide trading was limited Thursday as buyers remain firm with their lower bid prices. The material that was traded was down $0.50 and $1 for regular weight heavy native steers and jumbo Colorado branded steers, respectively.
Automotive tanners in North America continue to have minimal new leather orders and have had to push December shipments back to January due to the ongoing deliberations of the contract for the United Auto Workers (UAW) and the Big 3 automakers in Detroit. However, auto hide tanners in Asia remain active but continue to bid lower than current market levels.
Shoe tanners remain active but also are looking to buy material at lower than current market levels.
Sellers expect to continue their negotiations into tomorrow and possibly into the start of next week.
U.S. Export Sales & Shipments for Week Ending November 9
USDA Cured Hide and Wet Blue Export Sales Recap
For the week…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...