Market Activity

The market was very quiet this afternoon with no activity reported.

The weekly average for ruminant MBM fell $11 compared to the week prior. The eroding of the top end of the range and drastically lower panhandle prices were the main culprits of the lower, weekly average. The bulk of action last week was seen in the $240 – 250 range into feed. The reported range for both PH and MR were wide last week, as low as $210 PH and as high as $285 MR. Sources expect…