May 21 Export Sales & Shipments

May 21 Export Sales & Shipments

Market Activity & Analysis

The US hide market ends the week with consistent to slightly higher prices for some selections. HNS saw an increase on Thursday and Jumbo HTS has seen a jump today. Many continue to have concern about demand. The savings rate and unemployment in the US have risen, which is prompting continued fear of the economy. Consumer spending in the month of April dropped 13.6%. The risk of minimal interest in leather products is potentially high in the short term. Big packer steer quotes included HNS…

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