Market Activity & Analysis

On the supply-side of the US maket, production is high and beef demand is strong. China is slowly coming back to business and will take around half of the supply, helping to cure the incoming hides. Once the hides are salted and cured, they are stored because of the little demand. Currently, the US hide market is experiencing demand destruction due to the hide nonexistent demand. While consumers are taking care of their health and remain in…