Global Lockdowns Cause Hide Market Uncertainties

Global Lockdowns Cause Hide Market Uncertainties

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January 7

December slaughter was reported 1.2 million head, down 2 percent both monthly and yearly. 

The annual total is the highest since the liquidation of 2009, with very moderate growth in the past two years.

The market is quiet, with many tanneries still in holiday break. The suspension period of export taxes ended on December 31st, but the Argentine government took the measure of halving the original tax. Today the raw hide export fee per unit is approximately $2.

Good quality Buenos Aires wet salted heavy steers continue unchanged from last week’s price of US$0.24 per kg.

The new global lockdowns cause uncertainties in the markets.

December 17

This is likely the…

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