Strong Auto Sales Boost Hide Prices

Author: Alexandra Watts

Strong Auto Sales Boost Hide Prices

Alexandra Watts | 12.30.2020

Hide prices were limited in movement today, with the exception of Heavy Native Steers (HNS) trading at $43 for regular weight material. Interest from the automotive and furniture leather tanners continues worldwide. However, shipping material is still very difficult especially out of the west coast US to Asia. Additionally, there have been reports that feeder ships in China are not being serviced with no explanation.  

Federal Reserve Economic Data (FRED) was released for October 2020 reporting retail auto sales in the US at...

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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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Actual Week-Ending Cattle Slaughter by Classification

Actual Week-Ending Cattle Slaughter by Classification

This USDA data is published every Thursday by the USDA Agricultural Marketing Service (AMS) and reflects actual week-to-date cattle...

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Leather Demand Driving Hide Prices Higher

Leather Demand Driving Hide Prices Higher

The US hide prices continue to increase with strong leather demand driving the rally. Today, the light-weight heavy native...

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Steer Hide Prices Trade Sharply Higher

Steer Hide Prices Trade Sharply Higher

Steer hide prices trade sharply higher today, as there have been reports of firm auto business and willingness to...

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Hide Prices Unchanged Over Weekend

Hide Prices Unchanged Over Weekend

The hide market begins the week with minimal business over the weekend. The major buyers in the market...

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