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https://www.latimes.com/business/story/2019-08-18/america-is-obsessed-with-beef-but-it-has-no-use-for-hides-so-leather-prices-plungequote:According to Hidenet, a leather markets research firm, a hide from a branded cow went for as little as $4 the week of July 15, down from as much as $81 just five years ago. Vera Dordick, chief executive officer and publisher of Hidenet, added that it’s not just the U.S. industry that’s suffering. I'm ruined. How am I gonna feed my kids now? Thanks millennials
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Aug 25, 2019 20:09
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After speaking with my accountant today about the state of my leather market investments I have some good news to share with you all. As it turns out I am not completely broke. Thankfully, the leather fund I am heavily invested in is diversified into many types of pelts/furs/skins which are thriving in this leather abundant environment. The trappers have sent word that this season's yield of raccoon pelts is of the highest quality. You absolutely can not lose with pelts and furs. For those of you with other livestock based financial instruments: I would recommend moving your ivory securities due to the situation in Hong Kong being what it is. I am greatly impressed with the wealth of knowledge about the leather markets in this thread. It has been a long while since I've had such a stimulating leather based discussion.
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Aug 27, 2019 00:36
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