The US hide market remained relatively quiet on Wednesday August 21, and market sources reported limited activity, with only one trade heard during the day.
Medium-weight Colorado branded steer (CBS) hides were reported at $11.00 per piece, down from the previous trade at $12.00 per piece on Tuesday August 20.
Steady shoes sales may improve amid back-to-school shopping, potential interest rate cut
US consumers remained resilient in their shopping behavior for shoes in the summer, and Fastmarkets’ analysts expect that a possible ease in interest rates during the fall may drive retail sales up.
June’s Federal Reserve Economic Data (FRED) release pegged shoe sales at $2.97 billion, up by 6% from the June average in 2016-2019 but down by 6% from June 2023.
Retail shoe sales performance throughout 2024 tracked near 2016-2019 monthly averages, but inflation dampened consumer spending.
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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...