The week began with reports of limited trading over the weekend since most negotiations were wrapped up over last week and many European buyers are inactive in the market. European buyers are quiet while tanneries are closed for summer vacations. Wet blue business remains weak due to limited consumer demand in the European Union as well as the high cost to run tanneries.
Hide offers are expected to be limited in variety and are expected to be at higher price levels due to well sold seller positions.

Cattle Slaughter Forecast

Cattle slaughter is forecast by The Jacobsen at 630,00 head this week, up 1.78% from last week and down 2.79% from last year. Cattle slaughter finished last week at an estimated 619,000 head, down 0.80% from the week prior and down 7.08% from last year. Over the next six weeks, slaughter is forecast at an average of 618,800 head per week, down 3.19 percent from the same time period in 2022 and…