Market Activity & Analysis

The US hide market is progressing on a mixed track with cowhides remaining stable and steer hides drifting lower. Prices on early steer trades have been from steady to $1 lower, including HTS and HNS. Sources report that HTS sold for $75 to $77 C&F Asia port; however, public asking prices remain closer to $80. A number of cow suppliers indicate their forward positions are good and a few early sales at steady levels reflect this. Sentiment…