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...
The US hide market closed the week trading slightly lower than the previous with a number of steer hide prices under pressure. However, cow hides are in demand due to the firm furniture upholstery business. Native Bulls, a common selection used for leather furniture, have traded up $3 today from the prior trading day. Branded Bulls have traded up $2 today from the prior trading day. The week ends with continued shipping and container availability concerns.
The week's estimated cattle slaughter was...Read More