What happened this week: After several weeks of slower hide sales, we finally saw a substantial rebound in activity. The round of buying we hoped for in our last week’s report occurred in the second half of the week when a good number of hides were sold.

In Europe business was concentrated on the renewal of existing contracts while Asian business was available for dairy cows and some heifers and even bulls. Some harder negotiations were necessary to arrive at levels where sales could be concluded and even with prices still not being fully sufficient, levels were at least somewhat better than we could reasonably have expected.

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