The US $ in EURO
1,1640

What happened this week: Trading and business activity was light this week. In Germany business was again interrupted by a holiday in the catholic parts on Thursday. Most companies took a long break, which included also abattoirs. Most sellers are already settled with their sales for the coming weeks if not months and the with kill being on record lows domestic activity was almost inexistent apart from the final long term programs which still had to be fixed for the month of June. Overseas demand – in particular again from Asia for dairy cows and ox/heifers – continued to be strong and with the change of the market tone in the USA and the firmer USD bids looked even more attractive than a week ago. However, due to the low slaughter and the forward sales of the previous weeks we decided to refrain from new offerings before a better picture about the kill is available. The Mediterranean remained difficult and more problems than fun or

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