Concerns Over Automotive Supply Chain Persist in Hide Market

Concerns Over Automotive Supply Chain Persist in Hide Market

The hide market mostly quiet today limited to a couple of active trades. BBS and CBS were down $0.25-0.50 lower than yesterday’s prices levels.  Russia’s invasion of Ukraine continues to cause major concerns in the automotive supply chain. The attack also has prompted companies to stop shipping to Russia or suspend operations there. Chip shortages, commodity prices and higher logistics cost have impacted overall sales in the auto industry having automotive sales drop 23% last month. New cars aren’t the only impacted sector, drivers needing automotive repairs are feeling the impact of part shortages from Ukrainian producers. 

The week’s estimated cattle slaughter was 644,000. The previous week’s harvest was 654,000 and the corresponding week last year it was 649,000. Year-to-date slaughter at 6,455,000 is…

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