U.S. slaughter numbers remain firm into June

Published:  16 June, 2017

The USDA weekly slaughter figures for the week ending June 3 show that 562,533 head were killed. Considering it was a short working week (4 days) the figures are quite impressive and not far from the full weekly numbers that were reported last year. 

Read more...

Tanners resistant to higher U.S. prices

Published:  16 June, 2017

As theSauerReport forecast earlier this week, it seems that tanners are not willing to enter the market and purchase hides at current prices unless absolutely necessary. Any ideas of further increases are being rejected and prices remain generally static. There has been some marginal softening of Northern spready dairies by half a dollar and branded steers are up by the same amount. 

Read more...

Some auto tanners cutting back August soaks

Published:  16 June, 2017

There has been confirmed reports of cow hide sales to China in the past week at slightly increased prices of $1. This has put a floor on the value of cows but has meant that traders and, of course, abattoirs who salt their own production having to realise the losses on cows will hit their bottom line. However, this turns out to be nothing but a small crumb of comfort as automotive tanners have cut back in their soaking plans for July and August. 

Read more...

Weak hide prices in Argentina

Published:  09 June, 2017

Much like in neighboring countries, neither the internal demand nor the international markets seem to support an improvement in raw hide prices, which remain at the bottom with no clear sight of an improvement in the short term. The storm involving JBS, which operates several plants in the country, has so far failed to impact the hide market. After the announcement of the takeover from another Brazilian giant, Minerva Foods, of five JBS plants in Argentina, any shock coming from this side appears even less likely.

Read more...

The Sauer Indexes updates and analysis

Published:  07 June, 2017

The four Sauer Report indexes for bovine (general), goat, sheep and bovine upholstery have been updated and confirm that in general the price of bovine hides has declined over the past month whereas goatskin prices have remained largely static and for sheepskins the new seasonal demand for doubleface items in particular has lifted average prices. 

Read more...

Dutch calf prices hold firm

Published:  06 June, 2017

The short-lived recess of calfskins sales seems to have ended already, with major producers affirming they are well sold-forward for the summer, and are already closing contracts for delivery after the holidays in August. Under the current market situation, prices will likely remain stable, unless an unanticipated number of early-movers will put pressure for their rise.

Read more...

Demand for German heavy hides remains

Published:  06 June, 2017

The situation in Germany resembles that seen in other European countries except for the heavy hides, which enjoy good demand in the European market. The cheaper American hides and the favourable dollar exchange rate continue to keep Asian markets out of reach for German sellers. On the other hand, the scarcity and ease of selling heavy hides has embolden abattoirs in keeping their lists largely unchanged even for types less in demand, such as lighter bulls, heifers and cows. 

Read more...

JBS scandal affecting hide prices

Published:  02 June, 2017

After holding out for a few weeks, the pressure on the price of raw hides resulted in yet another down-tick, marking a new low in recent history. According to CICB, the average price of raw hides slid by 3% in week 21. For reference, the current price is around 7% below the average level which held for most of autumn and up to the end of January, and 13% below the peak reached at the end of February.

Read more...

Steadier U.S. prices as sellers resist

Published:  02 June, 2017

By several accounts, last week and the first part of the current one were far less active than the previous week, which was the top of a three-week rally in terms of sales. Prices of both raw and wet-blue hides have largely remained unchanged since. The improved position of sellers allowed them to resist the incoming lower bids, reportedly between US$1-3/hide below the previous level, and business was concluded at steady prices.

Read more...

Australian prices beginning to fall

Published:  02 June, 2017

Weekly hide supply in the Eastern States is holding at more than 130,000 which is similar to March levels, but higher than would have been expected at this time of year, as we head into winter. Numbers will logically fall in the next few weeks.

Read more...

Prices falling in UK and Ireland

Published:  02 June, 2017

The climb-down of UK prices continues at steady pace, both at the abattoir gates and on traders’ pricelists. The main problem remains the lack of demand due in part to the seasonal ebb, but also to the negative repercussions of the competition. US prices have stabilised over the past week, but large volumes have changed hands in recent weeks, flooding markets traditionally in the domain of other suppliers, such as the U.K. One case in point is Italy, where recent numbers from the USDA confirmed such a scenario. This has left U.K. traders with no option but to try to catch up with the developments.

Read more...

Moderate improvements in Turkey

Published:  23 May, 2017

Different indicators point to the improved state of affairs, among which rising raw hide prices, also due to lower local slaughters.

Read more...