Market Activity & Analysis

The hide market emerged from the APLF without much more direction than it went in with. A limited number of steers traded with reported prices from steady to slightly lower; however, some buyers claim direct business was done for quite a bit less than these levels. The Jacobsen Hide Index closed Friday at $52.17, down 0.36% from $52.53 Friday the week prior. Fat cow hides seemed to find a footing in the lower $20s and some volume was traded…