Market Activity & Analysis

Despite the backdrop of the shaky financial markets, last week the hide market was able to hold onto gains with the overall tone firm. A few selections increased $1 or $2 and the Jacobsen Hide Index closed at $63.30 on Friday from $63.52 a week ago. Business was quite thin with much of the focus geared toward travels to the ACLE and subsequent upfront encounters with customers. With the bottom falling out of the equities markets today and the…