The International Market

Europe

Before Christmas, the European market was bearish but that is not the case in 2015. The depreciation of the Euro coupled with the closing of US West Coast ports prompted the Chinese to buy a lot of hides including bulls, heifers and especially cows, so the European market firmed up.

With the reopening of the US ports, an increased supply of hides will now be arriving in China. That, with the probability of…