Market Activity

The market was very quiet today with no trading reported.

Early last week it looked as if ruminant MBM may have found a bottom, but Thursday and Friday traded sharply lower and the weekly average was off $12 compared to the week prior. Porcine MBM was off $3 with only light trading reported last week. Sources have commented that supplies remain heavy and that despite a very favorable relationship to soy, sellers are still struggling to unload everything they…