The Jacobsen Commentary and Market Opinion

Courtesy of www.thejacobsen.com

This week hide sales continued to be lower than the rate seen earlier in the year with the number of sales reported significantly under norms. Keep in mind that a lot of people are either travelling or in Asia for the APLF which can hamper communications. However, a number of people overseas have confirmed that there has not been a lot of business. Tanners though are still needing hides and showing interest—albeit at lower prices. One procurer commented: “I could sell all I wanted at one or two dollars down.” There were several sales for steer hides reported at $88, $88.50, and even $89, but overall trading was thin and most prices steady.

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