Raw materials
fter weeks of stagnant prices and what sources called a “boring” market, US hide sellers managed to start pushing steers a little higher at the end of July. While demand was still not up to par in most segments, packers were well-positioned enough to hold out for higher levels. By the first week of August, however, customers were seriously pushing back against rising hide prices. The price of heavy Texas steers firmed, with seasonal weights hitting a high of $27.00, a couple of dollars better than our last report. Colorados also saw prices rise, with 62/64lb selections selling for as much as $26.00 at the start of August.
Hide selections for the automotive sector saw the most interest as production had ramped up and buyers were actively purchasing. Heavy native steers, which were in short supply, saw prices go up by as much as $4.00 to a high of $37.00 for seasonal weights.
USDA export sales 1,250,000 – 1,000,000 – 750,000 – 500,000 – 250,000 – 0 – 0 10
20304050 Weeks
Leather International /
www.leathermag.com 27
2023 2022
View from the US A
In the cow market, interest was healthy enough to keep prices relatively steady; however, any price improvements were hard-won and incremental.
Exports In July, weekly rawhide sales averaged 396,150, 5% lower than the June average. Compared with July 2022, the figure is 15% higher. With regard to rawhide shipments, they averaged 398,625 in July, down just 1% from June but incrementally higher than the same month last year. Weekly wet-blue sales averaged 132,900 in July, up by 14% from the June average and 38% higher than in July 2022. The month’s average wet-blue shipments were 117,650. This is 10% higher than the June average but 17% lower than in July 2022
July cattle inventory down 3% All cattle and calves in the US on 1 July 2023 totalled 95.9 million head, 3% below the 98.6 million head on 1 July 2022.
Total
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41
