Raw materials
View from the US A
By Hidenet
fter several weeks of steady prices, US hide sellers saw steers start to decline in November. The price of heavy Texas steers was weak, with seasonal weights at $24.00 to $25.00. Colorados, on the other hand, dropped by a couple of dollars to sell for $22.00 to $23.00 for 64/66lb selections in late November. Side-branded material was challenging to sell thanks to continuing poor footwear demand; however, the lower prices did spur some purchasing. At least heavy native steers used for the automotive sector were steady with good interest. Butts were under a bit of pressure as auto leather customers preferred natives. Cow sellers continued to have good interest for upholstery and handbags, although they had to work a little harder to keep prices steady.
Exports October weekly rawhide sales averaged 415,700, USDA export sales 1,250,000 – 1,000,000 – 750,000 – 500,000 – 250,000 – 0 – 0 10
20304050 Weeks
Leather International /
www.leathermag.com 15
2023 2022
down just 1% from September, but 19% from October 2022. Weekly rawhide shipments in October averaged 442,200. This is 4% higher than the September average and 10% more than the same month last year. Wet-blue sales averaged 133,360 in October, down by 29% from September and 20% from October 2022. October’s wet-blue shipments averaged 132,900 in October. This is 4% higher than in September but 10% lower than in October 2022.
WASDE ups 2024 red meat production forecast The World Agricultural Supply and Demand Estimates November forecast for 2023 red meat and poultry production was lowered from the previous month. Beef production was lowered with reduced steer and heifer slaughter more than offsetting higher expected cow slaughter and higher average dressed weights in the fourth quarter.
Total
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29
