Hide trading was quiet today and participants agreed with current price ranges. Additionally, market participants continue to express optimism regarding the improvement in leather demand after prices have been under pressure over the past few weeks.
Trend Continues in 2023 to Replace Natural Leather with Alternatives in Shoes
Footwear hide tanners in the Chinese domestic shoe sector continue to purchase minimal volumes of US hide material and report weak leather orders from brands. Regular weight Heavy Texas Steer (HTS) hides, a commonly used selection in footwear leather, lost 76 percent of value from nine years ago,…
09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...