Market Activity & Analysis

The USDA export report today confirmed a 10.07% increase in sales and 15.44% decrease for shipments with cured and wet blue sales at 554,099 from 503,394 and shipments at 468,345 from 553,881 the week prior. The same week slaughter was 638,000, bringing both sales and shipments under the week’s production of hides. Cured hide sales at 444,999 were above the year’s average and somewhat surprising considering reports of sluggish sales last week…