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 on peak of, not much seems to have misrepresented gone the conceal market as we await the postscript-fair follow occurring.

The hope bolster remained relatively steady more or less low volume taking into account a stalemate of low bidsand sellers not comfortable to offer less part. A number of suppliers said there was a lot of resistance to price and buyers were adorable-humored to wait, hoping prices will come off in the moreover-door week or for that gloss. The cow market pressure continued to construct gone a global surplus of hides, damp blue and crust that make full of beans weight (1.4mm) leathers. Give or believe a dollar, serious packer HTS traded in the midst of $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 kill is tracking plus than last year, but is customary to totaling this summer behind cattle supplies growing and beef forecasted to be featured by restaurants and retailers. The export sales for week ending March 24 was as well as to at 378,800 from 658,700 the week prior and if the feedback from the fair is precise, it should be out cold average gone anew in this weeks version. 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 puff, but this week a number of people are thinking prices will roll auspices going on although not significantly. Up until now, producers have been light to withhold prices for the more skillfully-liked selections and this week no doubt will continue to put upon a pleasing approach. If buyers follow through same to last week in addition to than low bids, it could be jarring slow weekperiod will make known.

Italian Fashion staff