Market Activity

Ruminant MBM trading was done higher on the top end of the range, $265 FOB Mo. River. Sources have reported that export material continues to see very strong demand, which is pushing more material out of the country and forcing buyers in the pure beef market to pay up to secure material. Mixed species material is moving at the lower end of the range. Trading into the Eastern market was steady at $305.

Figure 1.

The spread between the high and low…