Market Activity & Analysis

Today’s Market

The US hide market reported steady prices with exception of packer Branded Heifers at $15, which are down from the last traded level. Heavy Texas Steer were reported at $26 and Colorado Branded Steers at $20. For the most part, the market is tracking steady at current pricing for the majority of the selections. The housing market is gaining attention, with September home starts increased 1.9 percent from the prior month. 

Today’s Trades

[HIDE-SALES]

Outstanding Export Sales

Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through October 8. Through Week 41, the total outstanding sales are 4.499 million from 4.630 million the prior week. With the same period average weekly slaughter at 605,186 head, the cumulative…