Market Activity & Analysis

With the backdrop of gloomy economic news, falling financial markets and the VW scandal, the hide market this week remained under pressure, dropping around $2 on most selections. With the exception of a few special outliers, packer HNS traded from $74 to $75, BBS from $72 to $73 and HTS from $67 to $68 FOB plant.

In Canada, the hide export ban into China which began on September 4 due to bluetongue have not been resolved. Sources…