Shipping Costs & Delays Cause Further Strain for US Hide Market

Shipping Costs & Delays Cause Further Strain for US Hide Market

The Jacobsen Hide Index (JHI) finished the week at $29.36 – down 3 percent from last Friday’s close. Butt branded steers and Colorado branded steers dropped $1 today on the light and regular weight selections. Hide buyers remain hesitant due to market uncertainty during accelerating global challenges. Shipping costs increasingly become more expensive, and delays continue to persist. Several sellers reported negotiations with buyers have disappeared, as buyers do not seem urgent to buy material.

The week’s estimated cattle slaughter was 644,000. The previous week’s harvest was 644,000 and the corresponding week last year it was 629,000. Year-to-date slaughter at 7,104,000 is consistent with 2021 levels.


Actual Slaughter by Classification

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