The Jacobsen Commentary and Market Opinion—24.08.10

Courtesy of www.thejacobsen.com

The hide market bounced around the week before last with prices overall down, but only slightly, for the week. The Jacobsen Hide Index, which tracks a composite average of steer and heifer prices, was down around $0.35 at $86.89. Within the average, some selections were off a dollar or so while others remained steady. Most steer hides traded in the range between $70 and $72 FOB, give or take a dollar. Branded steers had the widest trading range selling between $66 and $72.

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