Automotive hide tanners purchase small volume at reduced prices

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Automotive hide tanners purchase small volume at reduced prices

Trading was dismal on Friday May 10, except for a few trades for automotive upholstery intended material, after limited volume of hide trades were closed on May 6-10.

Light weight heavy native steer (HNS) hides traded at $31 per piece, unchanged from the day prior, and regular weight butt branded steer (BBS) hides traded down by $0.50 per piece from the last traded levels to $27 per piece. The downward price pressure was driven by continued slow hide demand from automotive tanners.
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