Market Activity & Analysis

US hide sales maintained a steady level for most steer and higher-level cows this week while low-end material including branded cows, bulls and #3s faced pressure with some reported prices under previous levels. The week ended on a positive note with the delayed export report showing sales and shipments during the week of the Shanghai Leather fair both above normal for the year and with shipments exceeding the week’s kill.

Today’s USDA…