Courtesy of The Maxfield Report
www.themaxfieldreport.com

Last week in the big packer trade, offer lists were not as heavily populated as many pundits thought they would be. Packers continued to lay claims of possessing decent sold-forward positions. Worth noting, these claims were backed up last week when the USDA released its weekly Export Sales Report which listed combined sales exceeding 900,000 hides. 
There was not as much interest as the week prior, while buyers continued to bid prices anywhere from $1 to $3 under the last reported trading levels. In the meantime, packers were reported to be countering bids last week at full asking prices, refusing to negotiate prices. 

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