Market Activity & Analysis

Today’s Market

Business was reported as very quiet. July is typically a slow season for the US hide market, but this year could see the slowness exacerbated by the COVID driven market conditions. Today there were a few drops in prices for Colorado Branded Steer and Butt Branded Steer. 

Today’s Trades

[HIDE-SALES]

April 2020 Furniture Sales in the US

Similar to footwear and auto sales, furniture sales in the US for April of 2020 have seen an all-time low. Furniture sales have sharply fallen to $4.1 million in April 2020, which is a 57 percent decrease from the 2016 to 2019 April sales average. Over the past four years, this market has seen consistency in sales, reporting only a $773,000 difference from the period’s high to low—until March and April of this year. Sales declined 60 percent…