February Home Starts & Furniture Sales Fall

Author: Alexandra Watts

February Home Starts & Furniture Sales Fall

Alexandra Watts | 03.24.2021

Sellers are seeing a decent volume of inquiries on bull, cow and dairy steer material. Production out of the upholstery tanneries in the Hebei province has slowed because of water shortages. Tanneries in this province were running at full capacity prior to the shortage. Demand from Hebei has been a big part of the recent rally in cow hide prices. If production interruptions continue, there is risk tanning may slow in this region. 

February's Federal Reserve Economic Data for US home starts and advanced retail...

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Cattle Slaughter Forecasted Steady in Upcoming Weeks

Cattle Slaughter Forecasted Steady in Upcoming Weeks

Despite reports of resistance to higher offers, steer selections traded at higher prices today. Today, there were multiple packer...

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January Clothing Sales Strong Despite Seasonal Dip

January Clothing Sales Strong Despite Seasonal Dip

Hide demand is increasingly getting stronger from many sectors of the market. Steers, heifers, and some cow selections saw...

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Strong Automotive Hide Demand for US Hide Market

Strong Automotive Hide Demand for US Hide Market

The US hide market closes the week with strong automotive and furniture leather business. Hide demand for steers and...

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Strong Apparel Sales at Risk to Continue into 2021

Strong Apparel Sales at Risk to Continue into 2021

The US hide market is moving along sluggishly as many overseas tanners are now closed for the holiday. Some...

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Shoe Sales Expected to See Upswing in Mid-Late 2021

Shoe Sales Expected to See Upswing in Mid-Late 2021

Upholstery demand continues to bring hide interest, but bids are lower than the last traded levels at this...

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Steer Prices & November Auto Production Drop

Steer Prices & November Auto Production Drop

Steer prices for jumbo weight material fell $0.50 - $2 today on strong supply of this weight of...

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Strong Buyer Interest for the US Hide Market

Strong Buyer Interest for the US Hide Market

The US hide market concludes the week with strong supplier sales and buyer interest. With shutdowns and slow movement...

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Firm Demand for Heavy Native Steer Hides

Firm Demand for Heavy Native Steer Hides

Heavy Native Steer (HNS), Heavy Native Dairy Steer (HNDS) and Dairy Cow (DC) hide demand has been firm...

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Strong biodiesel production seen weighing on crude glycerin prices

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The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...

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Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team

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Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...

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US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.

US hog slaughter
Fastmarkets research...

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