Market Activity

Ruminant MBM trading was done as low as $175 out of the Panhandle market today, trading elsewhere was quiet. Sellers have expressed doubt that the topside of the ruminant market will hold next week. Historically the market continues to be very well priced with the relative price to nearby soybean meal bouncing around the 65% range over the last few weeks. The La Niña concerns may be driving the bean meal market higher, which finished the week up $5 compared…