Market Activity

The skyrocketing soybean meal market has lent some strength to the ruminant MBM market with higher prices reported in a number of markets today. Even with a jump in price, MBM remains very well priced relative to soybean meal. Today’s high of $235 is at a 64% ratio to nearby SBM.

Porcine MBM has moved higher as well. An assist from the SBM market has helped push prices higher, but export demand and some supply interruptions have helped as well. February’s…