The US $ in EURO
1,1250

What happened this week: This week was a very short one and also not extremely eventful. As nice holidays may be, as difficult they are in Europe where holidays are spread around the countries and are not coordinated. Single holidays after Easter f.e. in Italy, Holland and the general May holiday interrupted the normal flow of business, productions and deliveries. Holidays now also in Asia do not allow a clear picture about the situation. However, the trading pattern was again similar to the previous weeks. Demand for dairy cows from Asia remained strong and for the first time in 2003 we have turned orders down, because their would be no realistic chance to deliver the quantities desired. A similar situation we have also already with heavy bullhides where the declining kill is now showing its effects. The standard production requires more hides than presently are produced. Having said this it has also to be admitted, that tanners have become much more selective in their buying. Questionable suppliers and origins are neglected

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