Market Activity & Analysis

The US hide market remains sluggish with demand weak and packers still holding tight on prices. Many of the bids are coming in $2 or $3 lower than offers alongside a mixed bag of reports on interest. Several producers are encouraged by a broad amount of interest from a lot of countries while some traders report buyers are few and far between. Sales are being reported from steady to a $1 lower. Most tanners say leather business is slow and many…