More Resistance for Increased Prices

More Resistance for Increased Prices


Market Activity & Analysis

Today’s Market

The US hide market concludes the week with a raise in prices for light packer Heavy Native Steers at $34, Butt Branded Steers at $34 and Northern Native Cows at $14. There are more indications of resistance to higher prices from buyers, in particular from customers in China, but demand from the auto sector remains strong. As fall hides are decreasing in supply, many seem to be willing to pay the current prices before the winter weight hides become the only material available.


Today’s Trades

[HIDE-SALES]


U.S. Export Sales & Shipments for Week Ending October 8

USDA Cured Hide and Wet Blue Export Sales Recap

For week ending October 8, export sales for 2020 marketing year increased 11 percent to 445,115 from 402,881 and shipments increased 27 percent to 469,950…

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