Minimal activity was reported in the US hide market on Monday November 25, with traders anticipating a relatively stable pricing environment during the Thanksgiving week, sources told Fastmarkets. Sellers expected that prices would be consistent with previously traded levels, reflecting the typical seasonal dynamics.
While buyers and sellers historically remain active in the market during the holiday period, there is often a slight dip in trading due to the short work week and holiday-related distractions. Nevertheless, some transactions were expected to continue, particularly among those looking to secure end-of-year inventory or fulfill immediate production needs.
Overall, the hide market appeared poised for a steady, but quieter week, with participants balancing holiday schedules with ongoing demand.
Cattle slaughter forecast
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