November 16, 2021
Leather and Hide Weekly
Industry Updates
- The North American Meat Institute, an affiliate organization of LHCA, last week launched its Protein PACT initiative and announced that 100 percent of its members will deliver independently approved science-based greenhouse gas reduction targets in line with the Paris Climate Agreement goals by 2030. Learn more about the Protein PACT here.
Latest Updates from Real Leather. Stay Different.
This week, Real Leather. Stay Different. highlights the inventive creations of its Student Design Competition winners in Taiwan. Readers will meet Lin Ting-Yu, whose intricately crafted bags draw inspiration from unique fruit plants to showcase leather's sustainability and intrinsic connection to nature. Click here to learn more about this year's winners in Taiwan. Get the latest news from Real Leather. Stay Different. here. And, don't forget to:
Leather News
Each week, we will share relevant leather news below. Some of the articles may cover our products, and the industry, unfavorably, but we still believe it is important to share the different ways in which leather is presented in the media. If you find articles that you would like to see included, please send them to mschumpp@meatinstitute.org.
- LWG launches largest ever leather LCA study - Ecotextile News
- How fashion is ramping up its climate efforts at COP26 - Vogue
- Stella McCartney calls for ban on leather and tax breaks for vegan goods - CNBC
- New report highlights opportunities for next-gen sustainable materials - Fashion United
Monthly Drought Monitor - November 2021
Over the past week, multiple storm systems moved into the Pacific Coast, resulting in mostly beneficial precipitation in western portions of Washington, Oregon and northern California. Some of these areas saw improvements to ongoing drought conditions as a result of these precipitation events. Read more here.
News
- LHCA joined 84 other organizations in sending a letter to the Federal Maritime Commission expressing concern about the implementation of new container excess dwell fees that have been established at the Ports of Los Angeles and Long Beach. Read more here.
- U.S. trade officials, including U.S. Trade Representative Katherine Tai, kicked off a series of meetings this week in Japan and Korea aimed at strengthening economic ties with two of the largest markets for U.S. agriculture exports. More here.
- President Joe Biden underscored the importance of Beijing fulfilling its commitments under the Phase 1 trade deal during his meeting with China's President Xi Jinping on Monday. Read more.
Weekly Hides and Skins Stats
- Net sales of cured cattle hides reported for the period ending November 4, 2021, were 638,400 pieces and net sales of wet blue were 40,600 pieces. Reported shipments of cured hides were 361,300 and of wet blue were 94,700. China was the largest buyer of cured hides and Italy was the largest destination for wet blue. See more. For historical data, click here.
- U.S. Cattle Slaughter was 655,000 last week, an increase of 0.8 percent from the previous week. Total cattle slaughter in 2021 is 28,908,000 head, up 3 percent from the same period in 2020. See more.
- USDA AMS Major Packer Hide Price Report provided prices for seven types of hides at seven price points, with a spread of $13 for branded southwest cows to $31 for Colorado branded steers. See more.
- The USDA price report is a snapshot of the market. For real time hide market prices, please consult our friends at Hidenet, The Jacobsen, The Maxfield Report, or The Sauer Report.