Several in the US hide market have travelled to, or are preparing to travel to the APLF conference in Hong Kong for the March 19th to 21st show. Many buyers and sellers are expected to take advantage of the travel by having in person meetings at Asian tanneries before or after the scheduled show.
Sellers have reported firm demand for cow hides. Industry players reported buyer interest in processor steer hides, low-end cow hide material and high-end steer hides. Packer offers are expected to be released tonight and tomorrow night which will bring in more bidding activity.
Cattle Slaughter Forecast
Cattle slaughter is forecast by The Jacobsen at 600,00 head this week, which is up 2.92 percent from last week and down 9.32 percent from last year. Cattle slaughter finished last week at an estimated 583,000 head, down 2.67 from the week prior and down 10.34 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...