Market Activity & Analysis

With concerted efforts, tanners continue to put pressure on suppliers with lower bids and by largely refraining from cleaning up hide production. Very low split values and stagnant leather markets are at the root of the problem. After three weeks of slow sales, suppliers hope this is the week something will break the stalemate and spur volume sales. Heavy Texas Steers, often considered the bell weather of US steer hide price, have recently…