Market Activity & Analysis

Last week’s US hide and wet blue export sales were a mixed bag with hide sales “average” at 360,540 while wet blue sales dropped below normal to 48,897 for a Week 8 total of 409,437. Shipments were better and close to average at 475,632 from 412,118 the week prior.

Follow through this week seems similar to last week with buyers from our largest market, China, showing interest but pushing back on prices. The net result seems to be some…