US Perspective - 15.07.08
The Jacobsen Commentary and Market Opinion—15.07.08
Prices of big packer hides in the US moved incrementally higher again last week as packers were making claims to have sold HTS earlier in the week at $68 and, by the end of last week, were readily passing bids at that figure.
This week, there are rumours that a few of the packers may have obtained as much as $69 for HTS; however, the highest number we can attest to as of this writing is $68.50. Meanwhile, the rest of the big packer selections are reflecting higher levels with HNS reaching as high as $69, BS at $67 and BBS at $68 this week. Interestingly enough, heifers have failed to see any real increase in prices as we are still gathering reports of HNH trading at $59 and HBH at $57.50.
