The US hide market showed minimal activity on Tuesday January 21, with market participants reporting trades for butt branded steer (BBS) and Colorado branded steers (CBS) both down by $0.25 per piece.

Cattle slaughter forecast
Fastmarkets’ research team has forecast cattle slaughter at 610,000 head for the week to January 25, up by 1.16% from the prior week but down by 0.78% from the year prior.

Over the next six weeks, Fastmarkets’ research team projects cattle slaughter to average 602,500 head per week, down by 1.16% year on year and by 0.08% from the prior six-week average.

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