Trades in the US hide market on Tuesday November 26 trended downward for butt branded steer (BBS) and Colorado branded steer (CBS) hides, reflecting softer demand with the market approaching the Thanksgiving holiday. Sellers reported consistent pressure from buyers to reduce prices, with recent transactions indicating a clear decline from previously traded levels. These decreases align with cautious buyer sentiment, driven by ongoing concerns about global leather demand and broader market uncertainties.

Market participants noted an increasing trend of bundled deals, where sellers strategically adjust prices for different materials to balance inventory. For instance, packer materials, such as BBS and CBS hides, are often sold at lower levels to encourage volume trades, while processor material prices remain steady or slightly higher. This mixed-pricing strategy underscores sellers’ efforts to maintain market activity while preserving value for premium-grade hides.

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