Market Activity & Analysis

Last week the US hide market traded mostly sideways as sales numbers dropped off with another large kill. Popular packer HNS traded at $67, BBS at $65, and HTS from $62 to $63 and the Jacobsen Hide Index closed on Friday $0.31 higher from a week ago when it was $60.04. While prices held last week, there was clearly no appetite for any higher prices and a number of people are beginning to opine there could a small downward adjustment in the…