Market Activity & Analysis

For the first week of the new year, the US hide market was quiet with buyers not highly motivated, especially for shipments that were extended out to March. Unless some large volumes of direct business was quietly done, this week’s export sales should confirm the third consecutive week with sales well below slaughter levels. The Jacobsen Hide Index closed the week Friday at $52.31, up .02% from a week ago when it was $52.23. Prices were…