Hide buyers were active in the market today, biding on cow, steer and heifer material from US sellers. Bid prices were reportedly steady to last traded levels or about $0.50 lower. Most interest was from the upholstery sector, being automotive and furniture, but also footwear. Automotive demand is the strongest and tanners were willing to pay at the top of the market for premium packer material.
Tanners in China were concerned today regarding the domestic economy given the state of deflation. The consumer price index fell 0.3% in July compared to the year prior, according to the National Bureau of Statistics.

U.S. Export Sales & Shipments for Week Ending August 3

USDA Cured Hide and Wet Blue Export Sales Recap

For the week ending August 3, export sales for the 2023 marketing year increased 77.98 percent, from 500,235 to 890,325, and shipments increased 50.34 percent, from 573,998 to 862,974. Sales…