Market Activity & Analysis

The US hide market was relatively quiet last week, trading mostly steady for steers and upper-end cows with branded cows remaining challenging. During the week, buyers tried to roll back prices by bidding several dollars below prior levels, many were countered and a number of buyers withdrew bids. Prices for most packer HNS ranged from$75 to $77, BBS $74 to $75 and HTS from $70 to $72. On Friday, the Jacobsen Hide Index closed at $66.36 from…