Market Activity

Ruminant MBM prices were fairly flat with last week, the only change today coming from the Mo. River market, which saw the bottom side of the range trade up to $300. Porcine MBM, however, has moved lower under the weight of strong kills and the wide spread to ruminant. With ruminant an average price of $310 ex hog country, the market may have overcorrected, now trading at near parity. These drops come despite a down day for a number of hog processing plants on the…