Raw materials


he US hide market in August and September presented a mixed picture, with stability in some key categories contrasted by volatility in sales volumes and ongoing external pressures. The market for Heavy Texas Steers, Butt Branded Steers, and Heifers demonstrated resilience, with prices remaining firm despite fluctuations in buyer activity. Heavy Texas Steers consistently sold at around $23 to $24 per piece, while Butt Branded Steers, which held a strong position, maintained prices at $25 to $26 per piece. Heifers showed a slight softening in early August, dipping to $17.50, but firmed later in September to around $18 per piece as demand stabilised. Branded Steers, however, dropped from $21.50 to $21 toward the end of September.


Despite stable prices in some categories, the overall market was characterised by ongoing challenges, including shifts in demand from international markets, particularly China, and logistical delays. In early August, there were reports of softening in Branded Heifers and Cows, with Branded Cows seeing price


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By Hidenet


drops of $2 per piece. This reflected some of the broader economic pressures the market faced, particularly with lower than expected bids and subdued activity from international buyers. As a result, the market sentiment during this period was one of cautious optimism, as sellers resisted lower bids and held out for more favourable offers in key categories. By late September, the market remained stable. Sellers continued to hold firm on pricing, particularly for Heavy Steers and Branded Steers, despite some softening in other segments. The hide market appeared to be balancing between supply pressures and fluctuating demand, with no clear sign of a major market shift in either direction.


Exports


US export numbers during August and September revealed notable fluctuations, with early declines followed by some recovery in both raw hides and wet blue sales. In early August, raw hide sales saw a drop of 38%, with net sales reaching only 275,100


Total


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