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Beef offal prices have firmed on stronger demand for lower-value red meat amid pandemic food insecurity, while hide and skin prices have slumped. With major tanneries in China and Italy shut, hide inventories are building in Australia, the US and Brazil with no clear market in sight.
Hide values falling sharply lowers the byproduct return for cattle processors, while firm offal demand supports carcass value; the net effect is a modest offset to beef-side pressure rather than a direct feed price move.
farmonline.com.auShan GoodwinApr 15, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
