Sellers reported moderate trading activity from the APLF with most trades closing at steady to current market levels. Buyers resisted price improvements at midweek, but some negotiations are ongoing.
Several sellers reported firm demand from furniture tanners but remain unable to pay increased levels for raw material from the current market while leather prices remain steady.
Automotive tanners remain relatively inactive while they continue to work through their previously purchased hide inventories and incoming leather orders from Original Equipment Manufacturers (OEMs) remain inconsistent.
Strong Retail Shoe Sales, But Hide Prices Remain Stagnant
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10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
10.17.2024
US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
10.17.2024
US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...