Market Activity & Analysis

Last week the hide market was more sluggish than the previous few weeks, consolidating previous gains and trading mostly steady. On Friday, the Jacobsen Hide Index closed at $30.96 from $30.68 the week prior. Major packers confirmed sales included HNS from $42 to $43.50, BBS at $39, HTS at $30, BS/CBS at $29 and HBH from 23 to $25 FOB plant. Trade sentiment is that for the next couple weeks, the hide market will be slowed because of the China…