Market Activity & Analysis

Outstanding Export Sales

Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through August 1. Through Week 31, the total outstanding sales are 4.741 million from 4.963 million the prior week. With the same period average weekly slaughter at 593,988 head, the cumulative outstanding sales represent 7.98 weeks of production from 8.37 the previous week.

Table 1 & 2.

Today’s Market

Today, light weight Heavy Native Steers and Butt Branded Steers have seen a slight decrease in price from the previous trading day. For a few weeks, these selections had been gaining traction due to the heating up auto industry, but there are now reports of a slowdown for…