Market Report, November 22 , 2002, Osterhorn
Courtesy of Friedrich Sturm GmbH & Co. KG
What happened this week: The settlement of the market continued. Although trading activity was relatively quiet the number of sold hides again reached a very adequate number. Asia became active again this week. Prices for many items, such as dairy cows, ox/heifers and low grades have returned again to the levels which have been always attractive for buyers in overseas destinations. European activity was either concentrated on the regular and classical program sales or for prompt shipments. A number of tanners have either got prompt new orders for immediate deliveries or still had some production days open which still needed coverage. Most of the interest in Europe was either for low grades, ox/heifers or heavy dairy cows, not counting the traditional and regular requirement for bulls. The biggest surprise of the week was, however, the sharp decline in the slaughter. Not so much the fact itself, but that it came from one day to another and has hit mainly the males.
