Market Activity

MBM prices moved higher for porcine and ruminant material today. Good demand from the blending sector and from pet food and export for porcine has helped give prices a boost.

The Mo. River ruminant MBM market is averaging $260 seven days into the June market. The relative price to soybean meal currently sits at 71.6%, which if it were to hold flat for the month of June, would be the lowest June relative price this millennium. June of 2004 had a relative…