Market Activity & Analysis

Last Friday, the hide market closed the week with a mixed bag of reports with prices down $1-$2 depending on selection and the Jacobsen Hide Index down $1.13 at $61.49 from $62.61 a week ago. During the week, some producers resisted down bids; however, some suppliers went with the flow of the market and took less money. It’s yet to be determined if sales volumes matched production, but by several accounts, it probably did not. Despite lots of…