- Cattle populations in South America are down due to a drop in demand for the past two years during which farmers found it more profitable to raise crops versus cattle
- Although cattle herd production picked up when demand did late last year, current populations cannot support today's demand, and it will likely be two to three years until the market catches up
Monday, May 23, 2011
Leather & Nitrile Also Rising
Last week I blogged about cotton and latex, two key commodities used in Personal Protective Equipment (PPE) manufacturing. Leather and nitrile are two more commodities on which the safety industry relies, and the pricing of each is also on the rise. The short explanation for rising leather prices is a shortage of raw materials (hides). More specifically:
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