Market Activity & Analysis

The US hide market continues drifting lower this week with most hide trading $1 or$2 under last week’s levels. The volume of business is down; however, some hides are being traded and there is still hope that buyers returning from holiday in China could boost business. Sentiment among a number of pundits is muted with several saying there is just not enough demand to hold prices on lackluster leather business.

Today’s…