Hide traders, processors accept price decreases for steer hides

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Hide traders, processors accept price decreases for steer hides

Steer hide prices softened on Friday September 13, according to a few processors and traders. The price decreases were due to continuous and widespread downward pressure on prices by Chinese buyers, sources said. The sellers who traded at the decreased levels had building inventory from a slower week of hide trading during the week prior.

A few packers said they refused the lower bids because they held well-sold positions from sales during the All-China Leather Exhibition (ACLE). But a few sources reported hearing...

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WASDE forecasts lower year-on-year cattle, turkey production into 2025, higher pork, broiler

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Trading in the US animal proteins market was quiet on Thursday September 12, with no changes reported.

USDA...

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European fat prices moved lower in the week to Thursday September 12, driven by a continued erosion in demand...

September WASDE increases forecast for US corn production, cuts soybean output figure

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September 2024 WASDE
The USDA’s September release of the World Agricultural Supply and Demand Estimates (WASDE) update on Thursday...

Most hide buyers, sellers stand off on price improvements

Most hide buyers, sellers stand off on price improvements

Many hide sellers continued to report that several bids received by Chinese buyers on Thursday September 12 were lower...

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