Buyers were more willing to pay flat-to-current market prices on Thursday August 29, but the volumes were lower than the week prior due to the upcoming All-China Leather Exhibition (ACLE). Most buyers and sellers entertained bids but held off from buying material, expecting to discuss in person at the start of the week of September 2.
A trader booked butt branded steer hides at $26 per piece, which was flat to their last purchased hides but up by $0.50 per piece from a trade on Wednesday.
Several sources said that shoe tanners were relatively inactive in the US hide market during the week of August 26-29, whereas upholstery tanners were most active.
USDA cured, wet blue hide export sales recap
US export hide sales decreased by 41.71% to 417,630 pieces in the week to August 22 from 716,483 pieces in the week prior, while shipments increased by 18.76% to 568,446 pieces from 478,666 pieces.
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...