Market Activity & Analysis

Following news that the US and China would delay any new trade tariffs for 90 days, the hide market traded sideways last week with limited volume. Some were hoping that once the threat of additional tariffs was gone, this would boost sales volumes from China and firm prices: however, while there was more interest from China tanners, most bids were $3 to $4 lower than previous trading levels and not a lot of business was able to be done. The…