I'm afraid you're incorrect.
I'm going to break it down so that this thread is not left dangling with a common misunderstanding of the leather industry.
The VAST majority of cowhide leather produced is a byproduct of the beef industry. There is a microscopic share of the leather market where the cattle are bred and raised with an eye to their hides as premium leathers. This takes place primarily in Scandinavia, and it's worth noting that the cattle are still consumed- it's just that the primary focus is different (leather versus beef).
What you see in leather qualities (and therefore cost) is a direct reflection of the cost of raising the animals and the environmental exposures they are subject to.
The least expensive leathers and beef- (aka McDonalds) comes from areas like the plains of South America (Argentina). The cattle mostly forage and the hides are fairly heavily marked
with things like bug bites, brands, and the scars from minor injuries sustained while out and about.
Most of these leathers are unsuitable for use in a natural state so they are given an artificial texture (pressed in during finishing with very heavy hot rollers) and very heavy topcoat.
The next tier of leathers comes from animals in the mid-latitudes (Germany, the Upper Mid-West of the US). These cattle are sheltered in inclement weather, and are generally speaking better cared for.
The hides are naturally better (less extreme sun exposure, better food) and tend to have fewer scars from bites and other things (although there is still quite a bit of variation in quality).
The lower quality hides are given the same treatments as above (regrained and topcoated) but the better quality can be used in their natural state with a FULL grain (uncorrected) and only
the natural aniline dyes. Prices obviously will go up as the quality does.
The best cowhides are ones from the Scandinavian programs I mentioned at the start. They are essentially flawless, can be grain shrunk (in the tanning process the hides aren't stretched as much as a normal leather
would be, which results in a VERY defined grain and thick but supple hand. It's rare to see any of these hides with anything other than an aniline dye. They are as 'pure' as leathers get.
I worked in the leather industry for quite a long time.

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