Market Activity

Porcine MBM prices traded lower today, down $20 from the previous high. Sellers are running into strong headwinds from the soybean meal market as well as the cheaper ruminant material.

Bloodmeal prices eased off this afternoon and the risk for lower prices for all species remains present in the market. It’s reasonable to expect ruminant prices to come off more sharply than porcine based on historical spreads. Looking at the prior three year average, July and…