Market Activity

Trading in the MBM markets was sideways today with not a lot of volume reported.  Ruminant sellers are starting to see some pushback from the cheaper porcine price and will likely have to drop prices in the coming weeks, especially considering the wave of cattle that are set to come through the packinghouses. Porcine MBM is struggling with an increase in domestic supply tied to weakness in the export market. Porcine MBM is currently trading at a an average of…