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During the week started on Monday April 29, wet blue TR1 hides from Mato Grosso traded sideways from the week prior, and trading into the Chinese market was minimal due to tanners’ cash flow difficulties.
Argentina
According to one source, Argentina exported 77,000 tons of beef in March, down by 8% from February, but up by 14% year on year.
Cattle slaughter volumes were unchanged on April 25 compared with the week prior.
Buenos Aires wet salted heavy steer hides traded around $0.65 per kg on April 25, unchanged week on week, with demand unchanged as well.
Brazil
Prices for wet blue full substance TR1 heavy hides from Mato Grosso traded around $0.70 per square foot.
According to one source, buyer hide demand in the week to Thursday May 2 was less than the week prior.
Hide prices are at risk of decline if demand remains weak.
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