Market Activity & Analysis

The US hide market remained under pressure this week with demand short of the large summer slaughter ahead of the Independence Day holiday next Wednesday. Prices on commonly traded packer selections retracted one to two dollars with HNS selling from $57 to $59, BBS from $45.50 to $46.50, and BS and HTS similar in a range from $36 to $38 FOB plant. There was no relief for cow and low-grade hides, which are a struggle to move for most suppliers….