Possible Canadian rail strike to disrupt hide production; inflation hits furniture supply chain in first half of 2024

Possible Canadian rail strike to disrupt hide production; inflation hits furniture supply chain in first half of 2024

A few hide sellers received a large volume of bids for a variety of hide selections on Wednesday August 14, the second consecutive week that interest was firm. But the threat of a possible rail strike at Canada National Railway Company and Canadian Pacific Kansas City was a possible disruption for a few market participants.

A big packer sold regular weight butt branded steers at $25.50 per piece today, which recovered the price from the decrease from the day prior to $24 per piece. The light and regular weight heavy native steer hides sold at sideways levels, despite reports of possible price easing driven by weak automotive hide demand.

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10.21.2024

US Supreme Court agrees to hear issue on Small Refinery Exemptions venue

US Supreme Court agrees to hear issue on Small Refinery Exemptions venue

Biofuel groups Growth Energy and the Renewable Fuels Association (RFA) both praised on Monday October 21 the US Supreme Court’s decision to grant certiorari on petitions relating to the...

10.21.2024

US fats markets quiet; cattle slaughter set to decline by end of November

US fats markets quiet; cattle slaughter set to decline by end of November

The US fats market was quiet on Monday October 21, with no changes to start the new week.

In other news, Fastmarkets’ research team forecast cattle slaughter at...

10.21.2024

Animal protein prices flat on limited trading

Animal protein prices flat on limited trading

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