Market Activity

Porcine MBM moved lower today with trading done $270 – 300 FOB Mo. River and Eastern IA/IL. The bulk of volume has shifted towards the lower end of the range, $270 – 275. Ruminant MBM was higher out of the Dal/Hou market, but lower out of IL and the Pacific Northwest.

Trading outside of the MBM market was quiet. The poultry meal and feather meal market continue to run tight in supply, which is keeping prices elevated above typical ratios. The Mid South…