Market Activity & Analysis

While it may be premature to say that the bloom is off the rose, this week activity in the US hide market is slower and buyers appear to have backed off some. The buying surge in late October and early November which covered the bulk of hides needed ahead of the China New Year holiday may be the reason for the lull and a number of Chinese tanners have blocked shipments for the weeks of December 5 and 12. For the moment, prices are holding but…