Market Activity & Analysis

Today’s Market

Market reports were higher today continuing the trend of upward momentum in the market. The native bull selection traded as high as $15 per piece and jumbo Heavy Texas Steer selections traded at $28. Native bulls are up $6.50 from a month ago and jumbo Heavy Texas Steer are up $8 from a month ago. Nearby hide supplies are tight with reports of sellers well sold through December. The tight nearby supplies add risk for continued, higher prices. 

Today’s Trades

[HIDE-SALES]

US New Home Sales & Retail Furniture Sales

Recently released Federal Reserve Economic Data (FRED) for July 2020 estimated US new home sales at 901 thousand units, a 13 year high. FRED advance furniture sales estimates for August are estimated at estimated at $10.233 billion, an all time high. The new home sales and…