Market Activity & Analysis

Today’s Market

Wednesday’s reports were typical for midweek activity. There is good demand for quality hides, as Heavy Native Steers selections continue to receive interest. It has been reported that tanners are bidding below what was paid last week, despite the steady prices. Suppliers have been holding firm on prices during negotiations.

Today’s Trades

[HIDE-SALES]

May 2020 US Auto Sales 

The Federal Reserve Economic Data’s figures of May 2020 US retail auto sales have posted an increase of 52 percent from April’s record low. When the COVID-19 pandemic hit this sector in February, auto sales had fallen significantly to $61.705 million, representing a 30 percent decrease from the prior four-year average for April. Hide prices had followed suit, also receiving downward…