Market Activity & Analysis

US hide prices fell $1 to $2 for many selections with Heavy Native Steers trading for $71 to $72, BBS from $70 to $71, HTS from $62 to $65 and BS around $61. Cow selections remained under pressure although brands seemed to find footing around $30 to $32 FOB plant. The Jacobsen Hide Index on Friday closed at $62.59, down $1.56 from Friday a week ago. According to a number of sources, sales volume was below normal. Tanners say lackluster leather…