Courtesy of The Maxfield Report

www.themaxfieldreport.com

Last week saw the end of an impressive seven week run-up in big packer hide prices that saw packers add almost $7 a hide to prices which equates to an almost 8% rise in hide prices. The majority of sources we spoke with reported a relatively uneventful week of trading last week and popular opinion of the trade is that it is very unlikely that packers cleared their slaughter.

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