Bids for US hides low; April inflation contributes to poor automotive hide demand

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Bids for US hides low; April inflation contributes to poor automotive hide demand

Hide buyer interest was moderate but at low prices on Wednesday May 15, according to several US sellers. Most buyer bids for steer hides were a few dollars below last traded levels, while cow hides were several dollars down.

Fastmarkets assessed the heavy Texas steer, heavy branded heifer, Colorado branded steer, branded bull, kip skin and small packer hide markets at unchanged prices from last traded levels.

Sellers reported most bidding interest was from Chinese tanners, particularly in the shoe sector of...

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