Branded cow hides drop in price amid economic uncertainty

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Branded cow hides drop in price amid economic uncertainty

Branded cow hides dropped by $0.25 per piece on Monday December 30, according to a hide seller. Sellers managed to move a decent volume but had to accept lower prices to secure cash flow, with deliveries scheduled for after the Lunar New Year holiday.

Market sentiment remained cautious, with concerns about the near-term economy lingering due to the massive debt levels in the US, sources said. While tighter cow hide supply is possible in the short term, historical patterns suggest that slaughterhouses might...

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Runner market commentary
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