Market Activity

Seven loads of ruminant MBM traded at $225 FOB Mo. River this afternoon. Trading elsewhere was quiet with many traders spending the morning awaiting the WASDE report. The report showed improved stock and new crop numbers, but this had little effect on the SBO or SBM board price.

As stated yesterday, FM exports have risen as a perecentage of production to 18%, a number not seen since the 19% of October 2015. While ratios to SBM aren’t near where sellers would…