Market Activity & Analysis

This week the hide market took on a more stable stance with a significant reduction of declining prices. Most hides on average traded at prices close to last week’s levels with the Jacobsen Hide Index closing down less than a dollar on Thursday from a week ago. Compared to the volatile weeks of $3 to $5 price drops, this was a welcome change for suppliers.

The week also saw a noticeable pick up in the volume of bids—some…