The US $ in EURO
1,2130

What happened this week: The yo-yo of the market activity continues once again. After the decent previous week interest was reduced this week. Sales were just moderate and the focus was once again more on dairy cows and low grades rather than anything else. Our last weeks market analysis could have been more confirmed than by the present week. With the growing grip of China on the raw material markets price becomes the dominating issue. China means almost exclusively cheaper mass production of goods. This means price premiums for better qualities can hardly if at all achieved and as long as enough material is globally available at the target prices price limits remain valid. In addition remains the European market tightly controlled by the US prices and the currency fluctuation. This is the reason why cows as the more economical hide have an easier time – also due to the furniture season – and heifers and bulls struggle much more. At least the heavier end. Anyway, as already stated last week remains the market still under very tight controls from the Asian and in particular the Chinese market and many in the trade find it difficult to understand, that volume of sales is

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