Market Activity & Analysis

While most of the Asia tanners were on the sidelines last week, the market remained stable with a small limited volume of hides trading from steady to slightly higher prices. The Jacobsen Hide Index closed Friday at $66.58, up .5% from $66.27 Friday of the previous week. At the top of last week’s steer prices were packer HNS for $76, BBS for $75, HTS for $72.50 and BS for $66 FOB plant. A good amount of the business last week was…