Market Activity & Analysis

The soft underpinning in the US hide market carried through last week but there was not a lot of difference in price from the sales during the week of the APLF. Packer HTS sold for $68, BBS from $72 to $73, HNS for $74 to $75 and BS for $65 FOB plant. The Jacobsen Hide Index closed on Friday at $65.61 compared to $65.78 the same day a week prior. The cow market was generally steady with some reports that there was a little more back pressure…