Market Activity

Trading was mostly quiet today with some light action reported out of the ruminant MBM market at steady pricing. There was some trading down lower out of the IL Renderer market, $310.

Overall, the tone to close the week was one of bearishness. Heavy pork and poultry supplies in the market and a SBM market in the low $300’s is weighing on the animal protein complex as a whole. Buyers are looking for cheaper cash, veg proteins for October and are sure to be…