Courtesy of Friedrich Sturm GmbH & Co. KG

What happened this week: There were quite a few interesting developments during the week. Asia continued to remain an active player in the market and a good number of cows, ox/heifers and thirds have been sold to that destination. Ok, prices have to be what the market is in comparison to the competing markets (USA), but the demand is back also with quick shipments. The USD assisted as well. This is good news considering that the European tanners are already starting to prepare for their Xmas holidays, having finished their programs for the year and are quite relaxed about their raw material supplies for January and February. This applies mainly for the large program buyers of bull hides. Since one of the key players in the continental European has decided to cut a larger part of the production of bulls and to substitute with other materials a surplus of bulls has appeared on the market for some time already.

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