Market Activity

Ruminant MBM prices moved $10 lower out of the Mo. River and Panhandle markets today. Pressure continues to mount on the market despite a continued favorable ratio to soybean meal. Prices have come under pressure for two main reasons, the first being cheaper porcine meal. The higher protein product has traded at a discount to ruminant for the last two weeks, which typically precipitates a big change in price for one, if not both, of the products. The second driver…