Market Activity & Analysis

It appears that there was not enough demand this week to overcome the wave of hides coming from the large kills prompted by very positive packer margins. Prices this week slipped $1 to $2 on most trading with volume reported to be less than a week’s worth of production. It should be noted that a reporting issue for last week’s export sales and shipment numbers could inflate this week’s numbers on the USDA export report next Thursday if any…