Shoe Tanners Firm on Lower Hide Prices

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Shoe Tanners Firm on Lower Hide Prices

Alexandra Watts | 11.02.2023

Hide trading was active today, with trades moving no more than $1 in either direction from last traded levels.
Consensus is that shoe tanners continue to pressure down the market. Branded steers, Colorado branded steers, and heavy Texas steers remain under pressure with bids several dollars less than offers. A few big packers have lowered their offer prices by $0.50-$1.50 in an attempt to bring in interest.
Automotive tanners were more active in the market following the reports of agreements between the United Auto...

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Argentina

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September Argentine beef exports totaled 69,000 tons TEC, which is about 25,000 ton...

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The Midwest cash soybean oil market was fairly quiet again on Thursday. Interior supply is still said to be...

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The international protein market was mixed for the week. Prices were lower into Indonesia and China with new ranges...

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Organic corn imports from Argentina continue to decline as the year progresses. ...

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Raw Hemp Imports from EU Increase Marginally

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Imports of raw hemp from the EU have increased marginally in 2023. ...

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Soybean Crush Sets New Record for September

Soybean Crush Sets New Record for September

*Please Note - Bob Lane was out of the office today. 

U.S. soybean crushing volumes in September reached...

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Ethanol and DCO Production Hit Multi Month High

Ethanol and DCO Production Hit Multi Month High

Edible tallow traded higher today at 60.5 cts/lb Chicago in 16 cars. Technical tallow traded down to 54.5 cts/lb...

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Participants indicated light spot trades for the day with some attempting to set pricing levels for the upcoming Thanksgiving...

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