The US $ in EURO
1,0770

What happened this week: The hope for a clarification in the Middle East has been disappointed and postponed. Although the risk of war has risen today again. So, those who tried to wait for a decision about purchases this week were in many cases forced again to decide or to wait again. Many decided to buy. The sharp increase of the USD towards the end of the week - back to the levels we had seen for many weeks - supported export sales and revenues. Interest was again across the board and selling prices were – as expected – on or just about asking levels. If there was any concentration in the demand, it was seen in ox/heifers and dairy cows,  as well as again in low grades. With the firmer USD orders after Wednesday turned into good prices in € which were desperately needed to compensate the unchanged buying prices at the abattoirs for the month of March. Next week many long term contracts for bulls have to be renewed and with the decent sales and the firmer USD the sales position is getting a bit better and easier. Also for this week there is truth

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