Negative Price Pressure Building, Cow Hides Trade Lower

Category: Hide & Leather

Negative Price Pressure Building, Cow Hides Trade Lower

Trading was lower on a number of cow selections today. Sources reported that bids for new sales continue to come in a lower than-last traded levels. A handful of sellers appear to be well sold and haven't had to take the lower bids, but those needing to move material have crossed the spread and moved material at lower prices today. 

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Apparel & Leather Goods Supply Chain Complications Persist

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The Federal Reserve Economic Data (FRED) for the US industrial production index for apparel and leather goods was 62.6...

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The hide market was quiet at mid-week with customers in China holding off on purchases. There was interest from...

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Please Note

Summer Weight Change Goes into Effect Tomorrow

Every year on April 1 the Price Guide is modified to reflect...

February Home Starts & Furniture Sales Fall

February Home Starts & Furniture Sales Fall

Sellers are seeing a decent volume of inquiries on bull, cow and dairy steer material. Production out of the...

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...

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...

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...

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...

Blog

04.16.2024

RIN dashboard

RIN dashboard

Reviewing the RIN dashboard ahead of the March EMTS release. The most recent Energy Information Administration (EIA) energy outlook and the Environmental Protection Agency (EPA) RIN production data provides...

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04.16.2024

MBM and BM mixed to softer on lower demand

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