Courtesy of The Maxfield Report

www.themaxfieldreport.com

The consensus in the big packer trade is that in spite of packer’s best efforts last week to hold prices steady with the week prior, that prices slipped roughly a dollar across the board. Several sources reported that packers were willing to trade HTS freely at levels as low as $74 FOB (or $80 delivered) late Wednesday afternoon and Friday of last week, while BS were also traded freely at level as low as $73 FOB or $79 delivered. In the meantime, opinions are mixed as to exactly how many hides exchanged hands due to the holiday.

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