Market Activity & Analysis

There was very little going on in the US hide market last week–which came as no surprise since the CNY holiday was in full swing. Prices were basically unchanged for steer and cowhides with reports on limited sales steady. Despite a relatively modest kill (620,000 head) a number of people in the trade opined that less than a week’s production of hides were sold. One outlier was HNS reported on Friday at $46, which is a couple dollars above…