Market Activity & Analysis

Several selections dropped $2 dollars last week, raising a lot of eyebrows when first appearing, but by the end of week became widely reported. The Jacobsen Hide Index closed on Friday at $62.61—$1.39 lower than a week ago. Packer HTS was commonly traded at $64, BBS from $68 to $69, HNS at $72 and CBS at $60. Cow hides also saw softer trading from $1 to $2 lower than previous levels. While it is not clear if a week’s hide production…