Market Activity & Analysis

Last week, US hide prices held for the second week while sales volume was mixed from “okay” to lower depending on source. There was a good number of bids but many were low; however, some buyers were willing to pay steady and a few, slightly higher money. The Jacobsen Hide Index on Friday closed at $68.83 from $68.98 a week ago and $101.74 last year. Heavy Texas Steers traded from $60 to $64, BBS from $68 to $71 FOB and Natives about a dollar…