US Perspective–01.02.11
01/02/2011
This past week’s hide market, although slightly less active than the previous couple of weeks, continued to show a bearish side. With steer hides up against the $80 FOB or $87-$88 C&F price levels, pundits are now predicting the next major resistance level will be $90 C&F. Most participants in the trade however are feeling a little nervous at...