Market Activity

Trading was steady in the Mo. River ruminant market, but in a wider range, $300 – 315 FOB. Trading out of the Illinois market was up, $305 – 315. Panhandle action was steady, $270 – 310. Trading into the AL/GA market was a bit lower, $368 – 380 this afternoon. As indicated by the trades, much of the market is sideways. Sellers would certainly like to ask for higher prices based on the July SBM value of $371, but supplies are still heavy enough that physical movement…