Australian Hide Prices Rise Due to Tight Supply

Australian Hide Prices Rise Due to Tight Supply

April 22 

Slaughter is still low. The kill is predominately young cattle since thereโ€™s so few heavy hides. This contributes to the low supply of hides and more price increases. 

There is discussion of implementing gradual increases of 3 pesos per week per fresh green kg, but it seems to mostly be increases of 5-6 pesos every week. Last week prices averaged Arg$74 per green fresh kg. Pundits forecast for this week about Arg$ 77 per fresh green kg.

Consequently, good quality Buenos Aires wet salted steer prices continue going upwards, now at about US$085~0.90 per kg.

In addition, the Argentine Government announced it will probably regulate beef exports, which depresses livestock investment and encourages cattle liquidation.

As for demand, car upholstery leatherโ€ฆ

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