Market Activity & Analysis

Resistance to higher prices cooled the hide market last week with sales down from the previous week and steer prices relatively steady with a few top-end selections $0.50 to $1 higher. Packer HNS sold from $61 to $62, BBS from $57 to $58 and HTS from $48.50 to $51 FOB plant. Cow hides, especially brands, continued to be soft with some bid prices shadowing South American material.

There is a lot of speculation the recent bump in hide…