Market Activity & Analysis

Hide producers struggled to maintain steady prices this week, giving back $1 to $2 on most selections on light trading. For the third week of the New Year, the slowing global economy caused volatility in the stock markets, with oil prices dipping below $27 for the first time since 2003. The hide market, while more stable than equities, had trouble gaining traction with many buyers still on the sidelines or bidding prices aggressively lower.

…