Several sellers reported firm bidding activity from buyers in China, Thailand, Mexico and Indonesia on Wednesday August 7.
The bids were for a large range of steer, cow and heifer hides, with most of them below the latest traded levels, which was typical for midweek negotiations.
A seller reported that he struggled to find business for dairy cow hides because of poor demand for leather furniture. Another seller reported that it had received some interest but the prices would need to be negotiated further.
Sustainability trend weighs on hide price recovery from pandemic
The currently depressed state of the US hide market led Fastmarkets’ analysts to have unclear expectations of a price recovery from the persistent historic lows, because the unique situation could not be compared with past market crashes.
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11.27.2024
Regional biodiesel prices stable amid low buying, selling interest
Regional biodiesel prices were stable on Wednesday November 27 amid low buying and selling interest.
Biofuel markets in general have slowed ahead of the implementation of the Clean...
11.27.2024
US animal fats and oils markets quiet amid Thanksgiving holiday; ethanol, DCO production hits record high
The US animal fats and oils markets was steady on Wednesday November 27, as trading was subdued ahead of the Thanksgiving holiday.
The...
11.27.2024
US animal protein November price average higher month on month
US animal proteins were steady on Wednesday November 27. Light trade was reported from market sources on the last day ahead of the extended Thanksgiving holiday weekend.
November...