Market Activity

MBM trading was fairly quiet today, but there was some action at lower numbers FOB Panhandle on the ruminant side. Trading was reported $295 – 300 in good volume. Sources reported that the recent jump in bean meal values has led them to ask for higher numbers, but a few outlets that are having trouble unloading material are weighing on the market. Buyers have also reported that cheaper cash bean meal positions have put them in a favorable “take it or leave it”…