News

Friedrich Sturm Report - 11.11.05

14/11/2005

What do we expect? If the US$ extends this firmer trend and Asian tanners continue to keep their eye on European material to keep the US market under control next week, it will give many suppliers the confidence to test the market for higher levels. So, we would not be surprised to see asking prices for dairy cows and heifers rise, while we feel that a rise in price for bulls might not be appropriate as yet. There is still a temporary surplus around and this is not likely to change before the end of the year.

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