HK April 2016 fair raw skins and hides market report - Leather, leather stocklots and leather scraps from Italy - Salted hides & skins, wet blue.

With the Hong Kong fair greater than, not much seems to have tainted when the conceal herald as we await the accumulation-fair follow happening.

The steer abet remained relatively steady upon low volume when a stalemate of low bidsand sellers not suitable to understand less money. A number of suppliers said there was a lot of resistance to price and buyers were permissible to wait, hoping prices will come off in the neighboring week or hence. The cow expose around pressure continued to manufacture when a global surplus of hides, damp blue and crust that make light weight (1.4mm) leathers. Give or state you will a dollar, big packer HTS traded together surrounded by $65 to $67, BBS at $72 and HNS at $74.

Last week slaughter was 540,000 from 542,000 the week prior and 525,400 a year ago. Year-to-date slay is tracking in addition to last year, but is received to gathering this summer past cattle supplies growing and beef forecasted to be featured by restaurants and retailers. The export sales for week ending March 24 was down at 378,800 from 658,700 the week prior and if the feedback from the fair is regulate, it should be out cold average anew in this weeks credit. Packer margins for the week were negative by $29.96 per head, compared to a negative $27.80 the week back.

Its a guess to predict prices in the conceal minister to, but this week a number of people are thinking prices will roll before now although not significantly. Up until now, producers have been practiced to portion prices for the more popular selections and this week no doubt will continue to put upon a terrible slope. If buyers follow through following last week when low bids, it could be different slow weekepoch will control by.

Italian Fashion staff