Market Activity & Analysis

Last week the hide producers set the tone on a firm note with several increase prices on selections and some limiting and withdrawing offerings. For the most part, the market seemed to ignore this and pushed back with lower bid prices and limited purchasing. The result was a stalemate with hides trading at mostly steady levels with the exception of some spotted trades up or down $1 or so including HNS for $71 to $72, BBS close to $68 and HTS…