October 19, 2021

Leather and Hide Weekly

 

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Industry Updates

  • LHCA held its 2nd Annual Meeting and Convention October 14-15, 2021, in a hybrid format, with both a virtual component and in-person meeting at the Intercontinental Hotel in Chicago, Illinois.  The event featured LHCA association business meetings, including a Board of Directors meeting, along with a General Session that boasted an exciting lineup of speakers who discussed a wide array of topics from media engagement and marketing activities to sustainability and climate issues. Meeting recordings and presentations will soon be available for those who attended the event. 
    • We would like to extend a special thank you to our generous sponsors who made this event possible: Buckman, Cargill, Exeter Machine Co Inc., FPL Food, LLC, Hidenet, Hidexe, Hutchinson Salt Co., International Leather Maker, National Beef Packing Company, Norseman, Pod Logistics Inc., Sprint Forwarders Inc., TFL, Tyson Fresh Meats, Western Ag Enterprises and Wolverine Worldwide Leathers.

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Latest Updates from Real Leather. Stay Different.

From chic handbags and striking footwear to ingenious garment creations, the 2020/2021 Real Leather. Stay Different. Student Design Competition in Italy certainly did not disappoint. Three winners -- one each in the Accessories, Garment, and Footwear categories -- were selected from thousands of talented young designers. Their designs draw inspiration from current events, like COVID, and expertly showcase leather's beauty, versatility, and sustainability. Learn more here about these skilled winners and their inventive designs. Get the latest news from Real Leather. Stay Different. here. And, don't forget to:

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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.

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Monthly Drought Monitor - October 2021

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A long wave trough resulted in seasonal to below-normal temperatures across the western third of the contiguous U.S. (CONUS). A ridge of high pressure dominated the eastern two-thirds of the CONUS leading to above-normal temperatures, with the highest positive anomalies across the Northern Plains and Midwest. Read this month's full Drought Monitor summary here. 

News

  • The Biden Administration recently unveiled efforts to address vessel congestion at Southern California ports and improve the flow of both inbound and outbound products that utilize ocean transport. A fact sheet outlining the initiatives is available here. 
  • U.S. Trade Representative Katherine Tai last week delivered remarks focused on improving the World Trade Organization, including the need for changes to reform the WTO's dispute settlement process. Read her speech here. 

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Weekly Hides and Skins Stats 

  • Net sales of cured cattle hides reported for the period ending October 7, 2021, were 256,800 pieces and net sales of wet blue were 54,100 pieces. Reported shipments of cured hides were 344,800 and of wet blue were 130,400. China was the largest buyer of cured hides and was the largest destination for wet blue. See more. For historical data, click here. 
  • U.S. Cattle Slaughter was 646,000 last week, a decrease of 1.7 percent from the previous week. Total cattle slaughter in 2021 is 26,277,000 head, up 3.2 percent from the same period in 2020. See more.
  • USDA AMS Major Packer Hide Price Report provided prices for two types of hides at two price points, with a spread of $32 for Colorado branded steers to $36 for heavy Texas steers. See more.