Market Activity & Analysis

The Jacobsen Hide Index on Friday closed at $43.76, slipping $0.81 from a week ago. Major packer trades included HNS from $59 to $61, HTS from $40 to $42 and BBS from $49 to $50 FOB plant. While prices seemed to slip a little, each week cows and lower-end hides remain struggling to move with similar hides and wet blue from a wide band of global sources competing for a limited market. Export sales for week ending May 24 were the largest of the…