The US hide market ended the week with volume a little down, steers steady and cows firm. Packer HTS traded from $71 to $73, BBS from $72 to $73 and HNS from $75 to $75.50. Some reports from China note the market was more active as the China New Year holiday (January 28 to February 2).
Week-Ending Slaughter
The week’s estimated cattle slaughter was 609,000. The previous week’s kill was 537,000. Year-to-date slaughter at 1,146,000 is up 2.3% from 2016.
Today’s Market
There was a moderate number of sales quoted today with steers steady and cows firm.
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