Market Activity & Analysis

The US hide market has seen quite a price drop this week. However, there have been a few loads sold at a more typical price range. Big packer steer quotes included HNS from $34.50, BBS from $23 to $31, BS at $22, and CBS at $20 and HTS at $24 FOB plant. 

Week-Ending Slaughter

The week’s estimated cattle slaughter was 647,000. The previous week’s kill was 628,287 and the corresponding…