Market Activity & Analysis

The confused US hide market concluded the week under pressure with a prices retracted a dollar or more on many selections. The Jacobsen Hide Index on Thursday was down about $1.20 at $81.57 from a week ago and down nearly $20 from last year. Driving the descent was a number of sales prices lowered in order to get buyers to open LCs and settle claims. A few people reported some business was done with prices a little better on select…