US Perspective

Courtesy of the Maxfield Report

www.maxfieldreport.com

Interest on big packer hides slowed towards the end of the week. Opinion in the trade is that higher trading levels, coupled with the fact packers had few if any hides remaining to be sold, detoured buyers still looking for coverage. According to various sources, there were some bids last night from tanners as high as $83 delivered for steer hides; but considering the last reported FOB prices it would be difficult for any but packers themselves to make money at these levels.

Share this story: