Market Activity & Analysis

The US hide market continues to be challenged with prices down $1 to $3 dollars on many selections this week. While a few sales are still close to last week’s level, most people note that buyers are aggressively bidding down and are not interested in any counters. Buyers believe prices will likely move down and are saying they will be able to buy for lower next week if they pass. While this is hampering sales, there is some business being…