Market Activity & Analysis

Last week, the US hide market traded from steady to $1 lower depending on source and selection. The reported export sales last Thursday were impressive for the second consecutive week with hides and wet blue sales at 870,000. However, despite momentum from these sales, the follow-through business slowed with many bids well below market prices. A few people are claiming the market appears to be more stable, but as of last week, few buyers were…