Market Activity & Analysis

A decent round of hides traded last week after the initial bids and counters got worked through with prices from steady to a dollar lower. As the US stock market surged, however, hide prices seem content to lumber along with steers trading $0.50 to $1 lower and cows more or less stable. The week ended with the Jacobsen Hide Index closing at $65.17 from $65.82 a week ago, and during the week, packer HNS selling from $75 to $76, BBS from $72 to…