Market Activity

It’s been a very slow August Monday.  No trades to report on the animal protein front today.

Trading moved lower on porcine MBM with the weekly average falling $6 compared to the week prior. Sources commented that demand remains strong and supply tight due to big committals on export volume, but that buyers in the spot market were able to steer prices lower basis lower bean meal values. Ruminant MBM trading was mostly steady last…