Vera Dordick reports that in the US packers held prices steady in limited trading with Heavy Texas Steers gaining a dollar with some sales taking place at US$28- which is in effect a 40% gain since the lows of around US$20 were hit in early June.
US slaughter was 645,000 head; combined export sales were 503,200 and shipments were a healthy 644,900. These figures are not as fatal as a few months ago.
As Europe is on vacation in the month of August, the report moved on to South America where Brazilian TR1 wet blue remained steady once again at US cents 47 per sq ft but raw hides eased a few dents to 69 per kilo.
In other news from South America Vera reports that activity in Argentina is poor and is running at just 50% of capacity now.
Here is this week’s complete report: