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.
…
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,...