Market Activity

Ruminant MBM trading was reported $245 – 270 Mo. River and $226 – 270 FOB Texas Panhandle. IL trading was done as high as $280 this afternoon. AL/GA and Eastern trading was reported at a flat $315. Sources commented that the bulk of trading this week has been steady to lower, despite some fluctuations on the high side of the market. Supply is improving and despite a continued weak ratio to SBM, there isn’t enough demand from the buy side to push prices up much…