Steer Prices & November Auto Production Drop

Author: Alexandra Watts

Steer Prices & November Auto Production Drop

Alexandra Watts | 01.26.2021

Steer prices for jumbo weight material fell $0.50 - $2 today on strong supply of this weight of cattle in the US market. Delivery to Mexico is operating smoothly, but delivery to Asia is not guaranteed. If they haven't already, Asian tanneries are at risk of shutdown because of the lack of raw materials. 

Federal Reserve Economic Data for November auto production were released reporting 173.3 million units. Production is down 25 percent from the prior three-year average. Historically, production decreases have accelerated into...

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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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US Retail Shoe Sales Increase

US Retail Shoe Sales Increase

Federal Reserve Economic Data (FRED) reported October 2020 US retail shoe sales data at an increase of $86 million...

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Strong Auto Sales Boost Hide Prices

Strong Auto Sales Boost Hide Prices

Hide prices were limited in movement today, with the exception of Heavy Native Steers (HNS) trading at $43...

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Hide Prices Trade Sideways

Hide Prices Trade Sideways

Hide prices traded sideways today, as the holiday week has been relatively quiet throughout the marketplace. Mid and low-end...

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Week-End Cattle Slaughter Conclude at 665,000

Week-End Cattle Slaughter Conclude at 665,000

The US hide market concludes the week at close to steady trading levels for steer selections and a...

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Hide Demand Strong For Upholstery

Hide Demand Strong For Upholstery

Hide demand proceeds to be strong for the upholstery sectors. Buyers continue to be in the market for...

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Cattle Slaughter Up From Prior Week

Cattle Slaughter Up From Prior Week

Cattle slaughter concluded the week at an estimated 655,000 head, up 12,000 from the week prior.  At the...

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