Market Activity & Analysis

The US hide prices dropped around a dollar and up to two dollars on some selections last week as buyers remained disciplined and continued pushing for lower prices. With lighter weights becoming more plentiful, an increased number of heifers were traded with packer HBH quoted from $52 to $53.50 and HNH from $54 to $56 FOB plant. Big packer HNS traded from $72 to $73, BBS from $69 to $70 and HTS at $66 with some down two dollars from previous…