Several sellers reported that the week to Friday July 19 wrapped up with a moderate volume of hides traded, mostly into Asia. Prices of various steer hides softened from trades reported on the previous day. A few tanners in the Fujin province of China were planning to close business due to the poor near-term outlook for leather demand, sources said.
Regular weight Colorado branded steer and butt branded steer (BBS) hides were down by $1 per piece day on day. Heavy native dairy steer and heavy native steers (HNS) traded sideways to last reported price levels.
A few tanners located in the Fujin province of China were closing their business in the near term, market participants told Fastmarkets. One tannery stopped accepting open contracts. The decisions to close were not 100% confirmed, but the tanneries were said to be “quite certain” about the closures.
Actual slaughter by classification
Table…
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