Weak enthusiasm in US hide market

Weak enthusiasm in US hide market

Lexi Watts out of Office July 12-17
Lexi Watts will be out of the office Friday, July 12 to Wednesday, July 17. She will return on Thursday July 18. In her absence, please contact Ryan Capozziello at 203-892-7209 or [email protected] with any questions or trades to report.

Several market players noted the slow business that continued throughout the early summer and little sign of near-term improvement ahead of European tanner summer closures and the seasonal slow period for automotive hide demand.

A hide market participant said on Thursday July 11: “Packers pushed to make new sales, but received little buyer enthusiasm.”

Several steer and cow hides traded on July 11, with prices reported both higher and lower than last-traded levels.

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