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Raw materials prices and trends by theSauerReport

U.S. wet-blue prices still weak

Wet-blue prices have remained largely within previous ranges seen over the course of the past three weeks. If anything, pricelists of cows appear more populated, supporting the idea that their market is sluggish. Recent record slaughter numbers could also play a role. Cowhide prices have remained unchanged. Somewhat more varied is the situation for steers, for which better selections are offered at US$1-2/hide above or below the previous quotes, with no clear trend emerging up or down. However, cheaper branded steers are offered as much as US$3/hide lower. Also weak are heifers, with asking prices down by US$2/hide. Generally, wet-blue offers mirror the trends seen for wet-salted hides, hovering around the same level for several weeks and no end from the deadlock in sight.