Market Activity & Analysis

As I return from a week’s holiday, it does not appear the market’s negative moment has changed with prices sliding $2 to $4 depending on selection and source. Indicative of the steer/heifer pricing, the Jacobsen Hide Index on Thursday closed at $68.67 from $72.90 a week ago. Due to the backlog of old sales at higher prices and the ongoing battle to sort them out, prices continue to be all over the place, making it difficult to put a signal…