Market Activity & Analysis

The US market should be extremely quiet back here in the States while activity Hong Kong picks up. Last week, the tone was soft in general, with a few pockets of top-end material trading steady. The Jacobsen Hide Index closed Friday at $52.67, down 0.42% from $53.01 a week ago. Reports for big packer HNS were mixed from $64 to $66, BBS were lightly down at $60, and BS was down $2 at $50. Buyers showed little interest in any volume, preferring…