Market Activity

The reduction in bean stocks in this morning’s WASDE has the Board excited and showing a lot of green. As of noon CT, nearby bean meal prices are up $16 from Tuesday’s close of $336. There was some light trading for MBM done out of the Mo. River market at $315 today, but the market was otherwise quiet. Sellers seem to have most, if not all, of this week’s material sold.

Porcine trading was down today, $1550 – 1575 Mo. River.

Figure 1.