Market Activity & Analysis

The US hide market has had minimal volatility this week. The majority of the industry has felt relief from the lower slaughter numbers, but this most likely will be for only a short period of time due to continued, strong beef demand and expectation for big slaughter numbers post plant restarts. Buyers have shown little excitment about the lower figures, due to the nonexistent leather orders coming in. Big packer steer quotes included HNS from…