Market Activity

Ruminant MBM action was fairly quiet today with mixed reports on market availability and direction. Trading was reported $175 – 200 FOB Panhandle and $200 – 215 FOB Mo. River. The market is structured in several tiers at the moment: export; pet food; feed, including blenders and end users. Sellers moving product, particularly trucks, into the latter are seeing prices at the lower part of the range while those with rail cars into the former seem to be well booked and…