Hide Export Sales Suffer a Sharp Decline

Hide Export Sales Suffer a Sharp Decline

In Thursday’s market, sources reported consistent prices for Heavy Native Steers (HNS), Butt Branded Steer (BBS), and Colorado Branded Steers (CBS). Additionally, Heavy Branded Heifers (HBH) showed a $0.50 increase compared to yesterday’s price levels. Market participants observed notable activity in the cow market while the automotive and footwear industries are currently awaiting new orders as business has been very slow. 

U.S. Export Sales & Shipments for Week Ending February 1

USDA Cured Hide and Wet Blue Export Sales Recap

For the week ending February 1, export sales for the 2024 marketing year decreased 70.8 percent, from 718,229 to 342,634 and shipments decreased 5.9 percent, from 511,652 to 482,119. Sales for the 2024 marketing year totaled 2,676,873, mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 588,859. Total export sales were 535,375 and total…

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