Belgian trader margins squeezed
Cows 24/26 kg are still priced US$55-56/hide, but due to the drop of the exchange rate between euro and US$, their profitability has sensibly reduced. In general, traders see their margins squeezed by the high prices of cows at the abattoir and aggressive low bids from customers, compounded by an unfavourable exchange rate when hides are sold in US$.
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