Market Activity & Analysis

The US hide market struggles with less-than-a-normal amount sold and with buyers continuing to push for lower prices as suppliers attempt to keep that from happening. If last week’s USDA report is current, this follows two back to back slow weeks of hide sales. A few sources report that traders were very aggressive and bidding $3 to $4 lower than prior sales while tanners bid $1 or $2 lower. Most steers traded from steady to slightly lower,…