Osterhorn,
Friday,10.12.2021
Market Report

The US $ in EURO
1,1310


What happened this week:  raw materials is not very  noticeable. At the moment, deliveries are  still running according to plan and the first major obstacle will then be the interruption caused by the Christmas holidays and the Chinese New Year. As the end of the year approaches, the question of how good leather demand will be in the first quarter of 2022 and how far producers have already stocked up on raw material is becoming increasingly important. In Europe, we know the rhythms of procurement, but in the main markets in Asia, the situation is less clear. The overall very good sales from almost all countries of origin in the last few weeks at least allow the assumption that the leather producers may already have stocked up very sufficiently with the fallen prices. If one also considers that some deliveries are still behind due to transport problems, then there is the quite plausible possibility that the demand for further raw material will decline again somewhat in the coming weeks and months. To avoid this, global leather demand at this time would actually have to be significantly higher and that is not substantiated with all the information available today. Whatever may be
true, the sensitivity of the market has definitely increased in recent weeks. The sales this week were rather at the lower end of the average. This is certainly also due to the fact that we are first waiting for the new abattoir prices in December. For the reduced sales largely unchanged to slightly declining prices were agreed. The Kill: The kill remained at a fairly high level last week. Especially males are slaughtered, which is not particularly surprising for this time of year. As temperatures have once again dropped to winter levels, we expect both the demand for the holidays and the weather to keep production at the same high level in the coming weeks. What do we expect: On the one hand, due to the approaching end of the year, significantly less activity is to be expected in the coming weeks, on the other hand, the situation has become rather nervous, as described at the beginning. Each individual will certainly draw his or her own conclusions and decisions from this. Basically, however, we assume that no one is interested in major movements at the moment and therefore a narrow range in the price changes is expected.



pe Weight range Avg. green weight Salted weight Avg. weight salted Price per kg green weight
Trend
Ox/heifers 15/24,5 kg 22,0/23,5 kg 13/22 kg 20/21 kg € 1,10

Stabilizing
  25/29,5 kg 27,5/28,5 kg 22/27 kg 25/26 kg € 0,95
Stabilizing

Dairy cows

15/24,5 kg

22,5/23,5 kg

13/22 kg

20/21 kg

€ 0,80


Stable
 

25/29,5 kg

27,5/28,5 kg

22/27 kg

25/26 kg

€ 0.75


Stable

30/+      kg

33,5/35,5 kg

27/+   kg

29/31 kg

€ 0.70


Stable
Bulls 25/29,5 kg 27,5/28,5 kg 22/ 27 kg 25/26 kg € 1,15
Stablizing
  30/39,5 kg 36,0/37,0 kg 24/34 kg 31/33 kg € 1,40
Wide range
  40/+     kg 45,0/48,0 kg 34/+   kg 38/40 kg € 1,35
Wide range
Thirds 15/+      kg 25,0/27,5 kg 13/+   kg 24/26 kg € 0.45
Stable
Thirds bulls 30/+      kg 38,0/40,0 kg 24/+   kg 33/36 kg € 0.55
Stable
 




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