Steer and heifer prices have skyrocketed on very strong demand from Korea. For a number of sellers, customers in Korea hadn’t been very active until yesterday, when many bought at asking price of US sellers’ offer lists. This week there interest from Chinese tanneries declined, but those that did show interest were willing to pay higher. Concern over continued price increases has pushed the buyers into the market with a greater sense of urgency. 

Today’s Trades

[HIDE-SALES]

U.S. Export Sales & Shipments for Week Ending March 18

USDA Cured Hide and Wet Blue Export Sales Recap

For week ending March 18, export sales for 2021 marketing year increased 20 percent to 781,438 from 652,011 and shipments increased 3 percent to 479,178 from 463,697. Sales for marketing year 2021 totaled 5,763,806—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter…