Market Activity & Analysis

Down pressure continued for the US hide market last week with activity slow and prices on confirmed reports down from $1-$2 on previous trading levels. The Jacobsen Hide Index closed on Friday at $36.48, compared to $38.27 the prior Friday. Major packer selections quotes include HNS at $56, BBS at $42, HTS from 34 to $36, BS at $33, HNH at $30 and HBH from $24 to $25 FOB plant.

US-China Trade Tariffs

The US…