Market Activity & Analysis

The downward pressure continued last week for the US hide market, which saw mixed reports and some selections down around $1-$1.50. Heavy Natives Steers traded from $60 to $62, BBS from $51 to $53, brands from $43 to $46 and Heavy Texas from $46 to $47 FOB plant. Cow trading was also mixed but close to the prior week. By comparison from a year ago, steer prices are down around 14%-25%, depending on selection, while most cow selections are…