Market Activity & Analysis

Last week, the US hide market was less active than anticipated with prices stable and several selections moving higher including HNS and BBS selling for $78 and $76 respectively. The Jacobsen Hide Index on Friday closed at $67.86 from $66.84 the previous Friday. The Presidents’ Day holiday extended the weekend for some in the trade, but many remained active and early reports show a little more interest than last week’s start. Both offers and…