Hide sellers reported buying interest at flat-to-lower prices on cow and steer hides on Friday September 6. Following the All-China Leather Exhibition (ACLE), buyers were looking for willing buyers to sell at lower than last traded levels. Several sellers refused the lower bids but sold at sideways levels.
Volvo ditched their previously set target of selling only electric vehicles (EVs) by 2030 due to insufficient consumer demand for the models. EVs typically contain less natural leather than combustible engine cars in attempt to follow the environmentally friendly trend. This reduction of EV production allows hide tanners to hold their current market share in automotive upholstery.
USDA cured, wet blue hide export sales recap
US export hide sales decreased by 1.44% to 411,620 pieces in the week to August 29 from 417,630 pieces in the week prior, while shipments decreased by 10.53% to 508,567 pieces from 568,446 pieces.
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11.26.2024
Biomass-based diesel market quiet ahead of US holiday
Biomass-based diesel markets were quiet on Tuesday November 26 ahead of the US Thanksgiving holiday.
Biofuel markets in general have slowed ahead of the implementation of the Clean...
11.26.2024
BFT prices climb as some DCO markets trend lower
Bleachable fancy tallow (BFT) prices rose again on Tuesday November 26 during another relatively quiet trade session while the market slows ahead of the Thanksgiving holiday in the US.
11.26.2024
Sluggish trade ahead of Thanksgiving; October broiler slaughter well above 2023
Trade values below the current ranges were indicated on meat and bonemeal, although reported trades were still rangebound on the day.
Fastmarkets assessed the price of poultry by-product...