Slight hide price increases for butt branded steer and native heifers

Slight hide price increases for butt branded steer and native heifers

Some US packers reported slight price increases at the start of the week on Monday October 7, but a few traders reported price decreases as well. Multiple sources reported buyers remained active in the market before the material becomes lesser-quality, winter month hides, but were firm on holding prices nearly steady to last-traded levels.

Regular weight heavy native steer hides were reported at $27 per piece and $28 per piece by two separate traders, down by $0.50-1.50 per piece drop from Friday October 4.

Two separate packers reported regular weight butt branded steer hides at $26.50 per piece and native heifers at $22.50 per piece, which were up $0.25 per piece and $0.50 per piece, respectively.

Cattle slaughter forecast
Fastmarkets’ research team forecasts cattle slaughter at 615,000 head in the week to Saturday October 12, up by 0.65% week on week and down by 0.20% year on year.

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