High Hide Inventories at Chinese Tanneries
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May 18
Slaughter remains unchanged.
Despite upward pressure, good quality Buenos Aires wet salted heavy steer prices...
Hide trading was active for steers and heifers whereas several cowhide selections are still under negotiation.
Buyers that are active in the market are willing to pay close to steady to steady to current price levels. Items traded today were not far off from yesterday's levels. There are rumors from Chinese tanners of sales at discount for steerhides from big packers, but this was not confirmed by US packers.
The high-end market remains trading well, but does not absorb much production to sway the market to...
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