Market Activity

Ruminant MBM traded in light volume at $382 FOB Mo. River and was reported in a wide range out of the Panhandle, $355 – 380. Trading in Illinois was higher as was the Carolinas delivered market. Buyers continue to lament the high ratio of MBM to cash SBM, but sellers continue to see good demand. Tight kills are helping keep supplies tight and some have suggested that the tight supplies along with a profitable meat sector have kept the calorically dense MBM in…