Market Activity & Analysis

The US hide market was in standoff last week with buyers not interest in paying up money while some sellers tried to edge prices higher following several weeks of big sales. Prices for the week remained stable and sales volume, by most accounts, lagged the week’s production of hides. The Jacobsen Hide Index closed Friday at $59.72 from $59.43 a week ago and several popular steer reports include HNS from $77 to $78, BBS from $65 to $67, BS at…