Market Activity & Analysis

By most accounts, there was not enough hide and wet blue sales this week to keep up with the growing slaughter numbers. For the last several weeks, cattle slaughter numbers have been approaching capacity; however, buyer interest has been moving in the opposite direction. As a note of interest, yesterday’s release of the USDA AMS Actual Slaughter Under Federal Inspection report (SJ LS711) for week ending June 10 showed an unusually large…