US hide buyers, sellers in standoff over price increases

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US hide buyers, sellers in standoff over price increases

On Friday November 1, the US hide market ended the week with some sellers settling on flat prices from last traded levels, while others passed on bids that were not raised to the increased prices that sellers were looking for.

The standoff between buyers and sellers was evident, with most sellers agreeing to flat prices, according to several market participants.

Buyers said that depressed prices for leather put a ceiling on what they could pay for hides, despite strong hide demand. Several...

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