Raw materials
he US hide market was mainly steady from the late spring through June. Prices ping-ponged within a $2.00 to $3.00 range for an extended period. While demand remained weak, sellers were still able to move enough material each week to keep the market stable. With regard to wet-blue, supplies were more than plentiful and prices low.
The price of heavy Texas steers slipped lower in the second quarter, with seasonal weights dipping to a low of $23.00. There was little improvement in June, but some sales were reported up to $25.00 at the end of the month.
Colorados also saw prices slip, with 62/64lb selections selling at mainly $23.00 in May and June. Interest in hides for the automotive sector died off significantly in the late spring and prices declined too. Although it picked up a bit in June, heavy native steers ended the month a few dollars lower at $32.00 to $33.00 for seasonal weights. In the cow market, interest was healthy enough
USDA export sales 1,250,000 – 1,000,000 – 750,000 – 500,000 – 250,000 – 0 – 0 10
20304050 Weeks
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2023 2022
View from the US T
for sellers to develop good positions and keep prices steady. In fact, in late June, some cows added $0.50 to $1.00 to their prices. Still, demand for upholstery was not good enough and it was a challenge for sellers to maintain the status quo.
Exports
For the month of May, weekly rawhide sales averaged 464,720, which is 12% higher than the April average as well as the May 2022 figure. With regard to rawhide shipments, the May average was 409,500, 6% higher than in April but 5% lower than in May 2022. Weekly wet-blue sales in May averaged 124,740, down by 11% from the April average and by 12% from the May 2022 number. May wet-blue shipments averaged 124,420. This is 14% higher than the April average but 15% lower than May 2022.
Feedlots Cattle and calves on feed for the slaughter market
Total
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