Market Activity

**Please note, The Jacobsen offices will be closed on July 4**

Trading was predictably quiet this morning with most offices staffed at reduced volume today.

The market last week saw a big increase in the ruminant MBM market, trading up 5% or $12 compared to the prior week’s average. Trading topped out at $290 to close the week and the big numbers were driven primarily by the blend sector. Sources have reported that long positions…