The kill is not good and there are not enough hides to squeeze suppliers, but the market dynamic is certainly not comparable to 2006. The firmer $ this week and a bit of overseas demand is still enough to cushion the prices. Interestingly this week, there was widespread export trader interest for anything that could average prices down. Low grades, light weights and odd bits and pieces were sought and it does not take a genius to recognise that either forward sales which went wrong in price needed to be covered or some of the ‘lower than average buying price’ bids were searching for cover. Whatever the reason, it was not garnished with a lot of success.

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