USDA Reports Strong Export Hide Sales to China

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USDA Reports Strong Export Hide Sales to China

Alexandra Watts | 02.01.2024

In today’s market, tanners in China purchased steer hides at prior levels and bought other steer hides at slightly lower values. Regular-weight Heavy Native Steer (HNS) hides traded sideways today, whereas regular-weight Colorado Branded Steer (CBS) hides traded down $0.75/piece from last reported levels.

Hide sellers shared most bids for steer material that were received were under current market prices so they will counter their business tonight. Sellers expect more trading activity to conclude tomorrow or after the weekend.

The USDA expo...

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