Friedrich Sturm Market Report - 12.12.03
The US $ in EURO
1,2295
What happened this week: This week was determined by orderly trading conditions. The interest for hides was almost entirely focused on male hides. Buyers interest did not only come in from the traditional European customer base, but also again from new customers in Asia. Some larger block deals were concluded during the week. Adding them to the sales to the regular customer base we reached a very significant number of sales for a week in December. Despite the firm tone in the US market we did not see very much interest for dairy cows. The bids offered, were too low to be attractive and did not match with the basis reported from the other side of the Atlantic. So, we passed and decided to wait for buyers who are getting more in line with the present market levels. Except the regular program sales for bulls we received also from Europe little interest for cows, but good inquiry for ox/heifers and low grades again. Interesting was also, that after a long time we had requirements also from the Middle East, markets which only appear randomly on the scene in Europe. Interesting was to note, that the interest was for bulls, but also for lighter weight materials which