Raw materials
Butt-branded steers 60 –
50 – 40 – 30 – 20 – 15 – 0
1020304050 Weeks
Heavy Texas steers 60 –
50 – 40 – 30 – 20 – 10 – 0
1020304050 Weeks
Heavy native steers
65 – 60 – 55 – 50 – 45 – 40 – 35 – 30 – 25 – 20 –
0
1020304050 Weeks
Branded cows 30 –
25 – 20 – 15 – 10 – 5 – 0 – 0
1020304050 Weeks
2022 2023 2024 2025
2022 2023 2024 2025
2022 2023 2024 2025
2022 2023 2024 2025
the detection of the New World screwworm, which could impact beef production and prices. Global trade developments and extreme weather conditions added further uncertainty, as the industry faces a complex and volatile market environment.
Exports
In early November, raw hide sales showed a slight decline of 6%, with net sales totalling 335,500 pieces. This was down from 356,300 pieces the previous week and 393,900 two weeks before that. Despite the drop in sales, the overall demand for hides and skins remained stable compared to the prior month.
In contrast, wet blue sales experienced a notable rise of 10% during the same period, with 88,500 units sold. This was up from 80,800 in the previous week and significantly lower than the 177,900 units sold two weeks prior. However, shipments of wet blues saw a 6% decrease, falling to 140,900 pieces from 150,100 the prior week. Despite the drop in shipments, figures remained steady when compared to two weeks earlier. Mid to late November saw a dramatic 51% rise in raw hide sales, with net sales reaching 506,600 pieces, a significant improvement from the previous weeks’ 335,500. The increase in sales suggested stronger demand or improved market conditions for hides and skins. On the other hand, wet blue sales took a sharp decline, dropping 50% to 44,300 units. This marked a significant contrast to the previous week’s 88,500 sales and was also lower than two weeks prior, which saw 80,800 units sold. While the sharp drop could indicate fluctuating market trends or reduced production capacity, it signals a potential challenge for the wet blue sector in the short term.
Despite the fall in wet blue sales, shipments for mid to late November experienced a modest 5% rise, reaching 147,200 pieces. This marked a slight recovery from the prior period’s 140,900 shipments, though it remained below the 150,100 units shipped two weeks before that. Meanwhile, overall hide and skin shipments saw a fall, with a 14% decline, totalling 330,700 pieces, and a corresponding 11% drop from the prior four-week average. These fluctuating trends in raw hide and wet blue sales highlight the ongoing volatility in the market, with varying demand for different product types from week to week. Although raw hides saw substantial growth, wet blues faced significant challenges, underscoring the complexity of global demand and the influence of market factors on the leather industry.
US cattle and calf inventory for feedlots increases slightly over previous year As of 1 November 2024, the number of cattle and calves on feed in US feedlots with a capacity of 1,000 or more head totalled 12.0 million, slightly higher than the previous year. In October 2024, placements in feedlots reached 2.29 million head, a 5% increase from October 2023. Net placements for the month were 2.23 million
16 Leather International /
www.leathermag.com
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