The US $ in EURO
1,0830

What happened this week: As we expected turned the business activity very quiet this week. As usual in times of uncertainty and the period of the abattoir buying none of the European players – neither seller nor buyer – is willing to take decisions and so trading fell into agony, because also the Asian tanners were not seen due to their Lunar New Year holidays. So, all trading we are able to report was some sporadic buying of low grades by export traders to mix their ‘market cocktails’. In addition some side leather tanners also sniffed around and so also some ox/heifers and lighter weight bulls changed hands. However, volume was limited. There was also some more interest for dairy cows, but prices were not particularly tempting and so we preferred to wait. The program buyers for bulls are waiting for the outcome of the abattoir buying what is again like pulling teeth. While processor adjusted their bids to the present market levels and sales revenues butchers - as usual – are

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