Market Activity & Analysis

The US hide market continues to be sluggish with buyers trying to repeat some of the past trends when prices dropped post-ACLE. Meanwhile, producers are doing their best to see that doesn’t happen and for the time being, finding some success on limited volumes at steady levels. The market should adjust and show some direction depending on how many hides are moved in the next week or two. For steers, the stalemate is currently fending off any…