Raw materials
he hide market showed a mix of stability and ongoing challenges over the period. For early November, the combined total of raw and wet blue hides sold but not yet shipped was 3,745,400, marking a 2.68% decline from the previous period’s 3,848,700. Shipments for the same period totalled 527,300, a 4.89% decrease from the prior period’s 554,400. Despite steady interest in specific steer selections, such as Butt Branded Steers and Heavy Native Steers, market activity remained subdued, with most contracts secured through January limiting major price shifts. Sales fell short of slaughter levels by 170,000 pieces, while shipments lagged behind by 91,700 pieces. Wet blue splits saw mixed results, with 203,800 net sales reported, with major exports going to China and Vietnam.
View from the US T
By Hidenet
The following period, during mid-November, raw and wet blue hides sold but not yet shipped increased by 1.95%, totalling 3,818,600. However, combined shipments of wet salted and wet blue hides fell to 477,900, a 9.37% drop from the previous period.
USDA export sales 1,250,000 – 1,000,000 – 750,000 – 500,000 – 250,000 – 0 – 0 10
20304050 Weeks
Leather International /
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Federally inspected slaughter for mid-November totalled 606,000, down 2.10% from the previous period’s 619,000. Export sales reached 550,900, but combined shipments were short by 128,100 pieces. Meanwhile, pricing for Butt Branded Steers held steady at $26.00 for 64/66lbs, and Heavy Native Steers maintained stability at $28.00 for 62/66lbs. Despite these stable prices, the market showed signs of pressure, with buyers pushing for lower prices due to a stronger dollar and reduced split credits. Wet blue sales experienced a sharp 50% drop, indicating uneven demand across sectors. In late November, the market remained quiet due to the Thanksgiving holiday, with a shorter trading week. The focus was primarily on cow hides, which traded at steady levels. Sales and shipments continued to fall short of slaughter, with a 16.32% drop in federally inspected slaughter, which totalled 528,000 for the week ending 30 November. This was a significant decline from the previous period’s 631,000. Despite the quiet market, industry news highlighted concerns over a potential halt in US cattle imports from Mexico due to
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