Market Activity & Analysis

The US hide market showed signs of stability last week with hide prices mostly unchanged and increased interest from buyers attracted by lower prices. Packer HNS sold from $61 to $62, BBS from $55 to $56 and HTS, BS and CBS in a tight range close to $50 FOB plant. Heavy Texas Steers remained under pressure with a backlog of inventory needing to be worked down before normal spreads between Texas Steers, Branded Steers and Colorado Brands…