The Jacobsen Commentary and Market Opinion – 08.06.10

Courtesy of www.thejacobsen.com

There was no market report on Friday, June 4, or on Monday, May 31. There was mixed sentiment regarding the current status of exactly where the market was on Thursday—which was reflected in the array of prices reported. The steer heifer market closed on Wednesday on the Jacobsen Hide Index down nearly $2 from a week earlier at $66.14 and bounced back $1.41 on Thursday to $67.55. A number of people were of the mind that steer prices would hold while cows would continue to drop. On the other hand, there were some cow defenders who believe prices have fallen as far as they will go but that steer prices may drop further.

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