Market Activity & Analysis

The US hide market saw little fundamental change last week with downward pressure moving prices lower. However, there was a mixed bag of reports from a dollar or so lower on many reports, some steady and a few actually pegging higher. Packer HNS sold from $59 to $60, BBS from $48 to $49, HTS from $40 to $42, HBH from$30 to $31 and HNH at $44 FOB plant. The Jacobsen Hide Index closed Friday at $41.54, down $0.75 from Friday the week prior. Cow…