Market Activity & Analysis

The US hide market continues under pressure with reports circulating that HTS have been traded below $95 C&F China or Korea. Prices throughout the week have moved lower with many selections trading $2 or more below last week. A number of people in the trade are saying that bids are scarce and the few they are getting are aggressively lower. Absorbing the wave of material from the backed up West Coast ports is also a major concern for both…