US hide market steady amid limited bids; weakness persists in auto leather sector
The US hide market was relatively steady on Wednesday January 15 with limited activity, according to market participants.
US weekly average ethanol production fell to 1.095 million barrels per day in the week to Friday January 10, according to the US Energy Information Administration (EIA) report released on Wednesday January 15. This marked a decrease of 7,000 bpd from the previous week, but it was up by 3.9% year on year.
Ethanol stocks hit an eight-month high of 25.008 million barrels, up by 860,000 barrels week on week, but down by 2.7% year on year.
Demand for corn decreased by...