News

Friedrich Sturm Report - 28.07.06

03/08/2006

What happened this week: We are now entering peak holiday season in Europe and this was reflected in this week’s business. Sales could be affected but, due to the low kill and uncertainty about the future, it may be advisable to sit tight and wait until production numbers return to normal again. Since there is very little indication that there will be a sharp downturn in leather and, consequently, hide demand, sellers would not be taking a great risk if they were to take a break and wait until production figures start to become clearer again. For the time being the low kill remains, leaving little room for any extra deals. Interest materialised from all destinations, for dairy cows in particular.

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