Global price of Hides
This dataset tracks global price of hides over time.
Latest Value
59.94
Year-over-Year Change
2.32%
Date Range
1/1/1990 - 6/1/2025
Summary
The Global Price of Hides series measures the monthly price of cattle hides traded internationally. This indicator provides insight into global supply and demand dynamics for a key agricultural commodity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Hides are the raw material for leather production, a major global industry. The global price reflects factors like livestock populations, slaughter rates, trade flows, and industrial demand, making it a useful barometer for the livestock and leather markets.
Methodology
The data is collected and aggregated by the U.S. Department of Agriculture from various international sources.
Historical Context
Economists and policymakers monitor hide prices to assess agricultural sector health and anticipate changes in downstream leather manufacturing and trade.
Key Facts
- Hides are a by-product of beef and dairy production.
- The global hide trade is valued at over $50 billion annually.
- China is the world's largest producer and consumer of leather.
FAQs
Q: What does this economic trend measure?
A: The Global Price of Hides series tracks the monthly dollar-denominated price of cattle hides sold on the international market.
Q: Why is this trend relevant for users or analysts?
A: Hide prices are a barometer for the livestock industry and global leather supply chains, providing insight into agricultural commodity markets and trade.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Agriculture from various international sources and aggregated into a monthly price index.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor hide prices to assess the health of the agricultural sector and anticipate changes in downstream leather manufacturing and trade.
Q: Are there update delays or limitations?
A: The USDA publishes the Global Price of Hides data with a 1-2 month lag, and the series may not fully capture all international hide trading activity.
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Citation
U.S. Federal Reserve, Global price of Hides (PHIDEUSDM), retrieved from FRED.