The US $ in EURO
1,0770

What happened this week: Our expectations were not completely accurate, but the general trend was exact. Demand and sales for ox/h, kips and calf between 12-30 kg continued to be strong and despite the massive price pressure everyone is talking about and which could also be seen in other markets we were able to maintain asking levels and the sales at the end were on unchanged price levels or only fractionally lower. Total sales numbers were again in contrast to the market tone and psychology and reached once more levels well above expectations. Dairy cows, where we had been moderately bearish lost more ground in the market prices than expected, but in our view more due to fear and horror stories. This is what this business is sometimes mentally so well prepared for. Reports from Asia during the week were talking about massive problems regarding shipments and inspection of leather, but always when one was trying to verify the subject the problems – so far – evaporated. The fact of the matter remains, that also dairy cows sold

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