Market Activity & Analysis

The US hide market was calm last week with demand light to moderate from a relatively broad region of buyers, slower interest from China and greater-than-normal interest from dealers. Depending on product, most business was done at steady levels with thin buying on a few top-end selections for a dollar or higher than previous trading levels. Big packer HNS traded from $63 to $64, BBS from $60 to $60.50 and HTS $50 to $54 FOB plant. Cow hides…