The Jacobsen Commentary and Market Opinion

Courtesy of www.thejacobsen.com

This week’s hide market started slowly but picked up as the week rolled on. It was a classic standoff. Buyers just back to work after the Lunar New Year holiday were shocked by higher prices and determined to roll back hide prices and reset the calendar at levels from two weeks back. Meanwhile, emboldened producers were not about to let that happen, expecting the positive momentum of the previous month to push prices past the $90 C&F threshold.

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