Market Activity & Analysis

The USDA export sales report wrapped the week on a mixed note, confirming greater than a week’s worth of hide and wet blue sold and less shipped last week with total sales of 582,273 and shipments of 412,118 versus slaughter of 572,000. The tempo of sales this week, while yet to be confirmed, was slower with hides continuing to be sold—although lacking in big orders from major buyers especially out of China according to a number of…