Native & Branded Cow Hide Prices Higher

Native & Branded Cow Hide Prices Higher

The hide market began the week with Native and Branded Cow trading $1-$2 higher on packer material. Early indications are for limited sales volumes thsi week due to the announcement by a few large Chinese tanners that they will stop buying in the upcoming weeks. Additionally, the hide market is entering a period where sales have historially decreases. Reports have US sellers well sold heading into the spring.

The Jacobsen slaughter forecast for this week is 609,000 head, and if realized, will be 22,300 head less than the same week last year when it was 631,300.

Cattle slaughter finished last week 649,000 head, down 5 percent from a year ago. Over the next six weeks, slaughter is forecasted at an average of 644,000 head, up an average of 2 percent from the prior six weeks and up 28 percent compared to last year.

Figure 1.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

*all fields required

More from the author

04.14.2021

Apparel & Leather Goods Supply Chain Complications Persist

04.07.2021

January Retail Shoe Sales Fall to $2 Billion

03.31.2021

Auto Production Slump Due to Microchip Shortage

Blog

04.20.2021

Fats, Oils, & Fuels Webinar 4/20/21: Customer Q&A

Fats, Oils, & Fuels Webinar 4/20/21: Customer Q&A

Video shorts from the Fats, Oils, & Fuels Webinar Report Our team of Senior Analysts break down questions from the live Webinar audience during the call on Tuesday, April...

04.14.2021

Inflation Fears and Technical Buying Drive Soy Oil Higher

Inflation Fears and Technical Buying Drive Soy Oil Higher

Inflation Fears and Technical Buying Drive Soy Oil Higher

Agricultural and energy prices surged higher on Wednesday, driving soybean oil prices sharply higher. Most palm oil...

04.14.2021

Apparel & Leather Goods Supply Chain Complications Persist

Apparel & Leather Goods Supply Chain Complications Persist

The Federal Reserve Economic Data (FRED) for the US industrial production index for apparel and leather goods was 62.6 points for February, down 14 percent from the prior five-year...

Latest Tweets

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Join us at our first virtual Hemp Conference looking at Hemp Fiber, Flower and CBD - https://thejacobsen.com/events/hemp-conference #hemp #cbd #cbg #industrialhemp

Load More...