United States – hide market stabilises at the start of 2020
Published: 08 Jan, 2020
As we enter the new year, the prices appear to be steady across the board. A few sales were reported last week, but the bulk of the activity will resume during this week with well populated offer lists reportedly already hitting the desks of Asian buyers. There is definitely some resistance from Chinese tanners to pay any more for hides than they did at the end of 2019, with some suppliers reporting that some very low counter-bids had been received towards the end of last week. After a round of negotiations it would appear that the status quo on most hide prices eventually remained. One word of caution in the market is that Chinese tanners purchased cured hides in heavier quantities than expected towards the end of 2019, with some tanners now reporting they have enough inventory to last until the Chinese New Year; traders and suppliers will find out soon if this was a bluff or not.
The same general landscape is observed for wet-blue hides, whose quotations have edged up US$1-2/hide across the board over the past month, after ramping up noticeably in November, especially for cows. To read more click here.