Market Activity & Analysis

Last week, the US hide market didn’t stray from the bearish tone of the past month. On a positive note, a few people said they saw more buyers from broader reaches; however, China remained notably quiet. As far as prices, steer/heifer traded down around a dollar and cows from steady to a dollar lower depending on selection. The Jacobsen Hide Index, which represents the steer/heifer prices, closed on Friday at $44.97 from $45.95 a week ago….