Market Activity & Analysis

The US hide market was more stable last week with prices on several steer and heifer and top-level cow reports steady to slightly better. Branded cows and low grades remained soft, trading from steady to lower. The Jacobsen Hide Index closed on Friday at $35.03, down $0.43 from the week prior. Heavy Native Steers traded steady at $55, HTS from $32 to $34, BS steady from $32 to $33 and BBS up slightly from $42 to $43 FOB plant. Volume was…