Minimal cured hide demand, but moderate wet blue demand

Author: Alexandra Watts

Minimal cured hide demand, but moderate wet blue demand

Alexandra Watts | 05.17.2024

The slow trading week was driven by the tanners’ inability to pay the current market prices because of the depressed leather prices in the Chinese domestic market. Tanners attempted to trade volumes at prices several dollars below the current market for steer, heifer and cow hides, but sellers were resistant to further price decreases. Many refused or countered the buyers’ bids.

Several market participants said that most bid prices from Chinese buyers were the lowest ...

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The Rodeo RD Startup will lead to a noticeable increase in feedstock/SBO demand

The Rodeo RD Startup will lead to a noticeable increase in feedstock/SBO demand

Soybean oil futures closed higher on Thursday May 16 amid technical buying.

The US Environmental Protection Agency...

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Animal fat prices steady on limited volume traded

Animal fat prices steady on limited volume traded

Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00...

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Grain consuming animal units forecast lower for 2023/24, 2024/’25

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Animal protein prices were steady on Thursday May 16.

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International animal fats and oils, May 16 2024

International animal fats and oils, May 16 2024

Market sources also reported that UCO traded at €1,065 per tonne on a DDP France basis, while deals for...

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US soybean export sales plunge 38% to 265,700 tonnes

US soybean export sales plunge 38% to 265,700 tonnes

Chicago Mercantile Exchange (CME) grain prices mostly fell on Thursday May 16. The July CME soybean futures contract showed...

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Chinese tanners achieve lower hide prices on May 16

Chinese tanners achieve lower hide prices on May 16

Several steer and cow hides traded lower on Thursday May 16 than on the day prior, driven by a...

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Chinese tanners reportedly holding onto large hide volumes

Chinese tanners reportedly holding onto large hide volumes

Chinese tanners continued to push for further hide price decreases due to high inventories of raw hides, wet blue...

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Soybean oil futures rebound on technical buying

Soybean oil futures rebound on technical buying

Soybean oil futures closed higher on Thursday May 16 amid technical buying. 

On Thursday, July soybean oil futures...

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