Market Update

Trading activity for hides was sluggish today. Sources claim that there is downward pressure on prices due to the possibility of excessive stockpiles of inventory and poor consumer demand. Reports indicate that there is a number of bids, yet a lack of interest in leather goods.

U.S. Export Sales & Shipments for Week Ending June 8

USDA Cured Hide and Wet Blue Export Sales Recap
For the week ending June 8, export sales for the 2023 marketing year decreased 10 percent, from 606,837 to 548,558, and shipments decreased 20 percent, from 548,767 to 446,879. Sales for the 2023 marketing year totaled 12,280,806 — mostly all hides. The average year-to-date weekly trends for federally-inspected…