Friedrich Sturm Report - 20.01.06
What happened this week: After a long period of indecision, the skies started to brighten a bit this week. There was not the avalanche of interest we had called for last week, but tanners finally started to accept that sellers are not willing to reduce their asking levels. Margins are squeezed so much that there is nothing to give and this time the convincing argument was that although various buyers tried to shop around for their preferred items - and in many cases every trick and strategy in the book was tried – this was all in vain as they failed to get the volume and prices they were looking for. This applied, in particular, to heavy cows and ox/heifers, but in sympathy with the rest of the market, bids on males were also unsuccessful.