Market Activity & Analysis

The hide market leaned to the quiet side this week with steer hides steady to firm and cows on the soft side. There has not been any significant change in the fundamentals of any of the leather market segments to move the direction needle, but enough buyers stepped in to keep big packer steer selection stable. The Jacobsen Hide Index on Thursday closed at $62.49—up over $1 from a week ago, while most of the cow selections were the…