German Perspective - 21.12.10
What happened this week: This week was in our case almost a non-event. Whether this is because of the upcoming Christmas season or simply that a lull has happened, general interest and inquiry was pretty much down. Ok, not much on the offer list either, but buyers with a certain appetite don’t bother about offer lists and try to buy anyway. So, just a handful of inquiries were seen and apart from that, tanners also seemed to take a break. We have to admit, that we were quite satisfied with the situation, because at the moment we are not really rushing to take any further positions for 2011. Without knowing how the kill is going to develop and how production is going to be over the weeks until the end of the year, it could just be a bet. Most people are waiting until they come back in 2011 before deciding if prices are going to go up or not. If one believes there is little to win and little to lose it doesn’t make sense to push for any position on either side and it is better to stay in balance. So, we did just a little business this week and only when prices were so tempting that one could hardly resist buying small quantities.