Market Activity & Analysis

The US market was on the quiet side last week with steers trading steady and cows from steady to slightly lower depending on source and selection. The Jacobsen Hide Index closed the week Friday at $53.60, which was $0.63 or 1.2% higher from the Friday before. Big packer natives traded from $66 to $67, BBS were firm from $62 to $63 and HTS steady from $52 to $54 FOB plant. Some buyers were looking for lower prices and sources report that bid…