Animal product (4)
'animal product' is the definition.
(I know that hide is a type of animal skin)
This is all the clue.
(Other definitions for hide that I've seen before include "mask" , "Once told, hurried < to > conceal" , "Secrete - animal skin" , "Conceal, veil" , "Keep quiet" .)
(Other definitions for lard that I've seen before include "Pig fat used in cooking" , "Pork fat" , "Hard cooking fat" , "White cooking fat" , "Pig's fat" .)