Market Activity

Ruminant MBM prices were higher on the topside for the Mo. River and Texas Panhandle markets today. While the topside has pushed up $5, the bottom remains firm and a number of sellers continue to struggle to move material. The relative price of ruminant MBM out of the Mo. River is at the lowest level since January of 2004.  Over the last ten years, the ruminant MBM market has seen prices increase in Dec from Nov six times. Currently, values are trading $6…