Market Activity & Analysis

Last week the US hide market was in a holding pattern with little or no change in prices and volume below average. Packer offers were short or non-existent with prices from steady to $1 higher while buyers showed no interest in higher prices and were relatively quiet. While there were a few exceptions, most big packer HTS were close to $65, BBS $70 to $71 and HNS from $72 to $73 and the Jacobsen Hide Index closed on Friday at $62.56 compared…