Market Activity & Analysis

The US hide market slowly drifted lower last week and with the exception of a few trades for steady business, prices moved down around a dollar on steer/heifer selections and a dollar or more on cow selections Most people say there was a fair amount of interest but when it came down to price, a lot of the bids were a couple dollars below previous trading. Many or most were quickly passed or countered and many buyers walked away from counters….