Market Activity & Analysis

Today’s USDA export report pours water on claims that sales were robust last week, especially in the case of wet blue. For week ending July 26, hide and wet blue export sales were 32% lower at 359,410 from 530,497 the prior week and shipments were 13.7% lower at 431,708 from 500,146. The same week slaughter was 640,000 head from 635,000 the prior week. Compared to this point a year ago, total sales are 4.4% lower at 15.186 million and…