The US $ in EURO
1,1320

What happened this week: To discuss ‘the market’ at the moment is not really possible. In Europe we have a non existent market due to the holiday season. This and next week hardly anyone is at his desk. Phone calls and interest came only from export traders trying to cover further shorts or from tanners which called from their holidays. So, everything was still fully concentrating on the situation in the USA and Asia. Over there is, where the music plays at the moment and where prices move upwards. This has only in part yet reached Europe, because the grades interesting for the Asian markets are limited to dairy cows and some low grades and heifers. Dairy cows are fairly well sold and the desperate interest seen from export traders couldn’t be satisfied. Regular buyers from the Far East got their regular offers and if they are already mature to pass the increases in the US market also into Europe needs still to be seen. So far, no new business at higher prices was concluded yet, although one can expect that next week higher

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