Hide trading was relatively steady to end the day. There were trades reported on light Heavy Native Steers (HNS), which traded up $0.50/piece from last reported levels. Both regular weight HNS and regular weight Butt Branded Steers (BBS) traded down $0.50/piece. Market participants noted that the automotive industry is more active but not buying large quantities as they work through previously purchased product.
Increasing Automotive Hide Demand and Tight Supply Lead to Price Increases
After several weeks of slow hide buying from automotive tanners, purchasing activity returned as tanners have moved through their inventory. The recent uptick in demand pushed prices…
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...