Answer:
What gets wetter as it dries?
I have to be broken before I can be used
In wealth I abound; in water I stand; as a fencer I'm valued all over the land; at Venice I'm famous; by farmers I'm prized; respected by law yet huntsmen despised; consternation and ruin ensue when I break; And the beasts of the forest advantage won't take.
What goes all around the world but never leaves its corner?
I can be hairy and itchy all over. I hang on a stick. I can be the scariest thing you have ever seen. I stand in the middle of nowhere.
An open ended barrel, it is shaped like a hive. It is filled with the flesh, and the flesh is alive!