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Author: Alexandra Watts

Demand Decreases From Chinese Hide Tanners

Alexandra Watts | 07.18.2023

Market Update

Steer hides were traded steady to last reported levels except for packer, regular-weight butt branded steers (BBS) down $0.50 from yesterday. Sellers indicated a recent slowdown of demand from Chinese tanners and hesitation to pay higher price levels.
After the recent uptick in demand, packers have increased offer prices but are struggling to receive bids. More offers will be released tonight.

...

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For Monday, light trade was reported on the animal proteins market, with most testing values.

For the week...

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Based on reports, DDGS appear to be trading sideways, but rail prices seem to be gaining some momentum. Participants...

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Slower EU and China Markets Weigh on Hide Market

Trading over the weekend was minimal and sellers reported no price changes.
Tanners in Europe were very inactive with...

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June Soybean Crush Drops to 9-Month Low

*Please Note - Amanda is out of the office Monday July 17 through Friday July 21. Please contact Bob...

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Author: Alexandra Watts

Demand Decreases From Chinese Hide Tanners

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