The Jacobsen Commentary and Market Opinion

Courtesy of www.thejacobsen.com

Last week the US hide market remained in a stalemate without much change one way or the other. Although a floundering economy has doused the stock markets for the past six weeks, it appears there has been enough demand the past couple weeks for US cattle hides to manage to hold prices. Last week the majority of packer BBS/HTS hides traded around $84 to $85.50 with the occasional exception above or below. In addition, cow hides held on to their prices with NHNDC topping at $72 and NBC at $51.

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