Market Activity & Analysis

The US hide market was relatively flat last week with most hides trading at steady levels and activity on the quiet side. Buyers showed interest, but had no appetite in paying higher prices. Meanwhile, sellers largely stood their ground. Interest varied according to quality with preference toward better-grading hides. The Jacobsen Hide Index closed on Friday at $52.96, up $0.37 from a week ago on Friday and big packer BBS traded from $61 to…