Market Activity

The market was fairly quiet overall, but there was some lower trading seen in the PNW market, $245 – 265 for ruminant MBM. Porcine MBM was quiet to close out the week, but the Mo. River market has seen a $60 increase compared to last Friday. Some nearby tightness due to long positions into export and slower hog kills has given prices a boost. Today’s relative price to soybean meal is 94.7%, 2.4 points above the prior three year average and above the June relative…