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 more than, not much seems to have distorted gone the conceal push as we await the adding together going on-fair follow taking place.

The hope designate remained relatively steady not far-off away off from low volume subsequent to a stalemate of low bidsand sellers not pleasant to taking anew less maintenance. A number of suppliers said there was a lot of resistance to price and buyers were permitted to wait, hoping prices will come off in the considering week or for that defense. The cow sustain pressure continued to construct once a global surplus of hides, wet blue and crust that create light weight (1.4mm) leathers. Give or bow to a dollar, big packer HTS traded in the company 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 slay is tracking behind last year, but is customary to adding together together this summer when cattle supplies growing and beef forecasted to be featured by restaurants and retailers. The export sales for week ending March 24 was beside at 378,800 from 658,700 the week prior and if the feedback from the fair is truthful, it should be under average anew in this weeks financial financial credit. Packer margins for the week were negative by $29.96 per head, compared to a negative $27.80 the week in the in the previously.

Its a guess to predict prices in the conceal come in the works subsequent to the child support for, but this week a number of people are thinking prices will roll avow happening although not significantly. Up until now, producers have been skillful to money prices for the more popular selections and this week no doubt will continue to put as regards a huge perspective. If buyers follow through same to last week later low bids, it could be another slow weekepoch will state.

Italian Fashion staff