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Market Activity & Analysis
Today’s Market
There were minimal changes today in the US hide market. Heavy Native Steers returned to last week’s high of $34. The overall market is quiet as Chinese customers are still away on holiday. The demand for high grain quality hides from the upholstery business is still driving Dairy Steer and Cow Hide interest.
Today’s Trades
[HIDE-SALES]
Outstanding Export Sales
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through September 26. Through Week 39, the total outstanding sales are 4.875 million from 5.068 million the prior week. With the same period average weekly slaughter at 602,778 head, the cumulative outstanding sales represent 8.09 weeks of production from 8.43 the previous week.
Table 1 & 2.