Hide Prices Steady, Export Shipments Increase 75 Percent

Hide Prices Steady, Export Shipments Increase 75 Percent

Trading in the US hide market was sluggish for Thursday, which is typically the most active day of the week. The trades that were concluded were driven by US automotive tanners that purchased Heavy Native Steers and Butt Branded Steers at similar prices to last trading levels. Heavy Texas Steers were sold overseas up $2 from the last trading level. Demand is firm, but most buyers resist paying higher prices. Packers reported increased shipment volumes from a few automotive tanners in the US. 

U.S. Export Sales & Shipments for Week Ending July 15

USDA Cured Hide and Wet Blue Export Sales Recap

For week ending July 15, export sales for 2021 marketing year increased 6 percent to 634,086 from 598,391 and shipments increased 75 percent to 711,115 from 406,501. Sales for marketing year 2021 totaled 14,722,110—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were…

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