Market Activity & Analysis

The US hide market was on the quieter side with activity out of Asia slowing ahead of the CNY holiday officially beginning February 15 and continuing through the 21st. Prices were mixed with some people still calling the market steady, but a number of trades, including a few steers reported $1 lower than previous levels. The Jacobsen Hide Index closed on Friday at $0.65 lower than a week ago at $53.59 when it was $54.20. Heavy Native Steers…