Market Activity & Analysis

Middle-to lower-end hides traded mostly steady with spreads tightening as top tier HNS prices retracted on slipping demand from the auto leather tanners. Big packer HNS last quoted down from $52 from $48 to $50, BBS was at $42 from $43, BS was steady at $33 as were HTS from $34 to $36 FOB plant. Heifers remain very scarce with limited sales at steady and there was little change with cow prices. By most accounts, buyer interest and sales were…