What happened this week: Another typical spring week is coming to an end. All market segments remain in low gear and sales activity was limited to the basic minimum which is, week by week, still enough to place most of the current production. With the low kill, the moderate activity of the regular clientele is good enough to prevent any major accumulation of hides. Consequently, the pressure on market prices remains limited to the price movements in the other big global hide markets, and so the international focus of the tanning industry lies on the descent of American steer prices, which are taken as a reference for the global price trend. This might be an argument, but it is certainly not that straightforward and the price variation cannot be transferred identically on all hide types. As far as we are concerned, the market pattern has not changed much so far.

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