Market Activity & Analysis

Pressure continued for the US hide market with prices rolling back around $1 for steers and $1+ for cow selections. The Jacobsen Hide Index closed Friday at $62, down $1.34 from a week ago and during the week packer HTS traded for $63 to $65, BBS $70 to $71 and HNS $71 to $72 FOB plant.

Slaughter took a big bump, increasing to 587,000 from 548,000 the previous week and 548,188 a year ago. The week’s slaughter exceeded expectations and…