Today, regular-weight heavy native steers traded $0.50 higher than yesterday but were steady with price levels from the start of the week. Overall market sentiment is pessimistic given the continued negative pressure on prices from buyers. Current market hide prices are tracking at historic lows while global economic activity is weak. Leather has lost significant market share to alternate materials.
The Jacobsen Hide Index (JHI) closed at $23.74, down 5.4 percent from the year prior.
Actual Slaughter by Classification
Table 1.
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09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...