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According to indications, the hide market was slow to start the week. This was due to a significant number of participants arriving in China to attend the All-China Leather Exhibition (ACLE). Market participants anticipate more business as the week progresses.

Cattle Slaughter Forecast

Cattle slaughter is forecast by The Jacobsen at 635,00 head this week, up 1.44 percent from last week and down 1.15 percent from last year. Cattle slaughter finished last week at an estimated 626,000 head, up 1.62 percent from the week prior and down 7.66 percent from last year. Over the next six weeks, slaughter is forecasted at an…