Market Activity

Ruminant MBM trading was lower again today topping out at $260 out of the Mo. River market and $248 FOB Panhandle. Illinois action was reported at $260 and the Illinois renderer market was down $40, trading at $200. Sources suggested that material may be moving at sub-$200 levels. Weaker exports and buyers smelling blood in the water have all led to a precipitous drop in the MBM market.

Porcine trading was lower as well, topping out at $300 FOB Mo. River and…