Market Activity & Analysis

Last week the US hide market was quiet with a good chance that less than a week’s worth of hides sold after a lot of people in the trade said they did less than a normal volume. Prices were relatively stable in the range of steady to $1 lower and the Jacobsen Hide Index closed down $0.64 from a week ago at $49.18. Big packer HNS traded from $60 to $62, BBS from $53 to $55.50 and HTS and BS from $48 to $50 FOB plant. Dairy and native cows were…