Market Activity & Analysis

Last week the US hide market did not improve, with prices falling around a dollar or two on most selections and buyers looking for small volumes. Most tanners and traders are thinking prices will continue to tumble, thus they are inclined to buy minimum quantities. Packer HTS traded from $81 to $83 FOB plant, BBS for $90 to $92 and HNS about a dollar higher. On the low end, late in the week one HTS was purchased at $76 FOB but it is unclear if…