Market Activity & Analysis

Last week the tug of war with packers and hide buyers balanced out with prices more or less steady although there were some reports where special deals for jumbo hides were made. On a FOB basis, HNS traded around $73, BBS from $71 to $72 and HTS from $62 to $64.

Hide demand remains anemic for the first two weeks of the New Year. This is a time when historically the industry is coming into its busier period for shoe leather business…