Courtesy of www.thejacobsen.com

The previous week’s hide market continued its rally last week with several selections of steer prices bridging into the $50s at one time or another during the week. The Jacobson Price Index for the week was up 10%, climbing nearly $4 from the previous week to $40.92. The market has shown tremendous strength this past month, but many are concerned that the speed and quantity of price increases might cause the market to collapse if hide prices outpace the tanners’ ability to make money.

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