Buyers were active in the market this week at steady to higher prices for packer material. Processors reported similar sales but at a maximum of $0.50 higher than previously levels.
Chinese buyers were resistant to higher prices due to dropping split prices, high exchange rates, limited consumer spending and depressed leather prices. Buyers currently hold high inventories and are looking to sell in the domestic spot market.
The Korean market was fairly quiet this week.
Mexican automotive tanners were actively looking for new steer hides purchases. Buyers are short at the moment, so the short covering is reorted to be in correction of the previously order volume, not due to an increase in overall automotive production and vehicle demand.

Actual Slaughter by Classification

Table 1. 

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