Market Activity

Trading was very quiet this afternoon with no action reported. 

Both the ruminant and the porcine MBM markets saw lower prices last week. As buyers continue to beat the drum of lower cash bean meal, prices continue to sink, despite a nearby CME SBM market that has shot up $54 or 29% over the last four weeks. Sellers are starting to see more material coming out of the rendering facilities with cattle kills picking up. Pork slaughter remains strong as…