Market Activity & Analysis

The US hide market traded mostly steady this week with a few outlier trades a dollar above last week’s levels. Popular big packer HNS sold for $77, BBS for $75, HTS from $71 to $72, and BS for $64 FOB plant. A number of producers increased prices the beginning of the week but buyers countered with bids a dollar or so below last week’s levels. By most accounts, thinner volumes traded this week than the past couple which many attribute to the…