Market Activity & Analysis

One take away some of the people brought back from Hong Kong is that many of the tanners had a lot more hides in inventory than was anticipated. Some was material purchased from other countries because of the US ports congestion. A number of tanners expressed they will have trouble dealing with the wave of hides coming in now that the ports are flowing. The fact that the market is $5 or more below the prices of these hides and is still falling…