Market Activity

It was a very quiet day in the market with no trading reported. Sellers are again asking for higher prices, still seeing favorable ratios to soybean meal. The supply story remains much of the same, tight cattle kills with strong hog numbers. 

Trading continued at higher levels last week. Porcine MBM and feathermeal both moved past the 100% mark of SBM to sit at 104 and 105%, respectively. On porcine, the narrative of tighter supplies due to long…