Market Activity & Analysis

Last week was a difficult one for the US hide market with fed steer hides falling from $1 to $3 and cows from steady to a dollar lower. The price gap between top-tier steer and mid-level steers continued to close with BBS and HNS selling $2 to $3 lower at $40 to $44 respectively and HTS and BS from steady to $1 lower at $31 to $32.

On a positive note, the announcement following the meeting with Trump and Xi that new trade tariffs will…