Market Activity

Trading was flat on most products today. There were no changes in the MBM markets this afternoon, although the bottom end of the range was busier which may foreshadow lower prices in the coming weeks.

Pet grade poultry meal was higher out of the Mid South market at $700 – 780 FOB. The monthly average to date for the Mid South PFG PBM currently sits at $685, well above 2016 and 2017 values. During those years, and 2015 as well, the price for PFG PBM slipped…