The cattle hide production continues to be strong, drawing in a number of buyers interested in higher volumes. The week concludes with interest from large buyers in China and Korea. Furniture business continues to drive the market for cows, with prices steady to higher. Some steer material has moved upwards on packer material, but not all selections have been as bullish due to the weaker shoe business.
Week-Ending Slaughter
The week’s estimated cattle slaughter was 665,000. The previous week’s kill was 666,000 and the corresponding week last year it was 649,000. Year-to-date slaughter at 5.829 million is down 3.5% from 2020.
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US hog slaughter
Fastmarkets research...