Market Activity

Ruminant MBM traded in good volume at $365 out of the Mo. River market and $347 – 370 FOB Panhandle. Trading was reported lower in the PNW, $325 – 350. Porcine supplies continue to weigh down the market with $355 – 375 reported out of the Mo. River market today.  As porcine dips below ruminant, buyers are likely to soon start to push harder for lower prices.

Figure 1.

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