Market Activity & Analysis

The US hide market remains sluggish with slow leather business holding demand back, and while sales continue each week, they do not seem to be keeping pace with this summer’s large cattle slaughter. A number of reports out of China suggest that many large tanners are operating by as much as 30% to 40% below capacity. Depending on selection, some early public offering prices are one to several dollars below last week’s levels, while some still…