The US hide market had a quiet tone to start the week. A few sellers stated that carryover business concluded at steady prices for several hide selections. In general, cow hide demand remains firm from Chinese upholstery tanners whereas steer hide demand is moderate but buyers are firm on not paying higher prices.
A seller reported his negotiations from the weekend fell through, as the buyer walked away from a few offers at steady prices for steer hides. The buyer shared with the seller that they have insufficient leather orders to support paying the current market prices.
Cattle Slaughter Forecast
Cattle slaughter is forecast by The Jacobsen at 610,00 head this week, which is up 1.84 percent from last week and down 3.39 percent from last year. Cattle slaughter finished last week at an estimated 599,000 head, up 1.01 from the week prior and down 4.24 percent from last year. Over the next six weeks, slaughter is…
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...