Hide Market

U.S. EXPORT SALES FOR WEEK ENDING 8/20/2015 Hides and Skins:  Net sales of 211,100 pieces for 2015, were down 59 percent from the previous week and 61 percent from the prior 4-week average.  Whole cattle hide sales of 211,400 pieces were primarily for China (130,200 pieces), South Korea (34,300 pieces), Vietnam (13,100 pieces), Mexico (11,300 pieces), and Taiwan (9,400 pieces).  Exports of 520,700 pieces were up 21 percent from the previous week and 25 percent from the prior 4-week average.  … [Read more...] about U.S. Export Sales for Week Ending 8/20/2015

As expected there were fewer U.S. Steer hides offered last week, and of course this resulted in fewer Steer hide sales being consummated. The trading price for Steer hides last week advanced by $1.00 to $2.00 per piece from their previous levels.  Cattle slaughter here in the U.S. remained basically unchanged, another week that came in below 550,000 head.  All U.S. Steer hide suppliers continued to say that they were well sold ahead, and felt no pressure to sell hides.  Another positive for … [Read more...] about The Hide Market Report – August 24, 2015

Hides and Skins:  Net sales of 517,100 pieces for 2015, were up 93 percent from the previous week, but down 3 percent from the prior 4-week average.  Whole cattle hide sales of 510,600 pieces were primarily for China (268,900 pieces), South Korea (175,400 pieces), Mexico (24,600 pieces), Thailand (17,300 pieces), and Italy (14,100 pieces). Decreases were reported for Turkey (100 pieces).  Exports of 430,200 pieces, all whole cattle hides, were down 6 percent from the previous week, but up 8 … [Read more...] about U.S. Export Sales for Week Ending 8/13/2015

The U.S. Hide Market remained firm last week with the values of all selections moving higher.  Steer hide prices advanced again by $1.00 to $2.00 per piece.  It appeared that a number of tanners who had been sitting on the sideline, looking to buy at the bottom of the market, realized that hide prices were not going to go lower and decided it was time to buy some raw material.  We also noticed that some traders were back in the market buying product, whether they were covering some shorts or … [Read more...] about The Hide Market Report – August 17, 2015

Hides and Skins:  Net sales of 268,300 pieces for 2015, were down 64 percent from the previous week and 54 percent from the prior 4-week average.  Whole cattle hide sales of 268,600 pieces were primarily for China (146,200 pieces), Thailand (35,000 pieces), South Korea (33,500 pieces), Mexico (15,200 pieces), and Taiwan (12,800 pieces).  Decreases were reported for Indonesia (1,200 pieces).  Exports of 458,400 pieces were up 12 percent from the previous week and 23 percent from the prior 4-week … [Read more...] about U.S. Export Sales for Week Ending 8/6/2015

Prices for U.S. Steer hides advanced last week depending on selection by $1.00 to $2.00, as demand continued to outweigh supply.  U.S. Cattle slaughter remained below a year ago levels. Steer hide suppliers, coming into last week were more than comfortable with their sold ahead positions, and offered very few hides.  Tanners who were in need quickly bought up what was offered, and continued to bid the market up as the week progressed.  By Thursday of last week almost all Steer hide suppliers had … [Read more...] about The Hide Market Report – August 10, 2015

As last week came to end it was generally felt by those involved that U.S. Steer hide prices had bottomed.  Once again there were a large number of buyers in the market for U.S. Steer hides, and from what we could determine a fair number of Steer hides were traded.  Some of the trades were likely related to suppliers and tanners agreeing to price levels for new sales that would average down the cost of old more expensive contracts.  By Friday of last week most suppliers, packers, and processors … [Read more...] about The Hide Market Report – July 27, 2015

Hides and Skins:  Net sales of 490,900 pieces for 2015, were up 4 percent from the previous week and 7 percent from the prior 4-week average.  Whole cattle hide sales of 488,800 pieces were primarily for China (280,000 pieces), South Korea (90,100 pieces), Taiwan (40,700 pieces), and Mexico (35,100 pieces).   Exports of 354,900 pieces, all whole cattle hides, were down 1 percent from the previous week and 2 percent from the prior 4-week average.  The primary destinations were  China (209,100 … [Read more...] about U.S. Export Sales for Week Ending 7/16/2015

A large number of U.S. raw hides and wet blue hides were traded last week.  Buyers started the week bidding below the previous most recent sales levels, with a fair number of orders booked against some of those lower bids.  However, as the week progressed, sellers became more comfortable with their sold ahead positions and buyers, some of them with short positions, entered the market.  By the end of the week Steer hides values had moved off their lows to price levels, depending on the Steer hide … [Read more...] about The Hide Market Report – July 20, 2015

Hides and Skins:  Net sales of 471,300 pieces for 2015, were down 8 percent from the previous week, but up 3 percent from the prior 4-week average.  Whole cattle hide sales of 443,100 pieces were primarily for China (281,500 pieces), South Korea (86,700 pieces), Mexico (45,100 pieces), and Thailand (11,700 pieces).   Exports of 359,400 pieces, were up 10 percent from the previous week, but down 8 percent from the prior 4-week average.  Whole cattle hide exports totaling 358,000 pieces were … [Read more...] about U.S. Export Sales for Week Ending 7/9/2015