Market Activity

Ruminant MBM traded at $310 out of the Panhandle this afternoon on what was otherwise a quiet day. Porcine MBM traded in light volume at $330 FOB Mo. River. Sources commented that buyers and sellers are in a bit of a standoff, buyers are pushing for lower prices and threatening reformulation. There doesn’t appear to be many, if any, higher offers out there and sellers are trying to get steady prices. Bean meal values were up just shy of $6 at the CME today and…