Market Activity & Analysis

The US hide market was in a stalemate with packers claiming good sold positions and not willing to take less, asking steady to higher and buyers unwilling to pay more—and many bidding less. By most accounts, it was a little slower with steer hides mostly trading steady, natives and butts firm and cows steady, but on the softer side. The Jacobsen Hide Index closed the week on Friday at $52.10, up $0.32 from Friday the week prior. Some…