JHI Closes Week at $31.31, Down from Last Week

JHI Closes Week at $31.31, Down from Last Week

The Jacobsen Hide Index (JHI) finished the week down to $31.31 from the week prior. The fed steer market remains under price pressure due to the difficulty in transporting hide material. The shipping crisis continues with little improvement. The cowhide market is steady and unchanged from last week’s levels. The demand for cowhide selections suggest fair interest from the furniture upholstery industry. The week’s estimated cattle slaughter was 655,000. The previous week’s kill was 650,000 and the corresponding week last year it was 657,000. Year-to-date slaughter at 28.908 million is up 3.0% from 2020.

U.S. Export Sales & Shipments for Week Ending November 4

USDA Cured Hide and Wet Blue Export Sales Recap

For week ending November 4, export sales for 2021 marketing year increased 21 percent to 676,392 from 557,320 and shipments decreased 15 percent to 454,676 from 536,601. Sales for marketing year 2021…

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