Market Activity

Ruminant MBM out of the Dal/Hou market moved lower today, trading at $240. The market was quiet otherwise, but a weaker tone continues to be felt, especially on ruminant and porcine products. Porcine seems particularly prone to weakness given the wide spread to ruminant MBM and the projected rise in slaughter. Price decreases should be limited through the end of July and into early August, but there is a risk for a sharper downturn during the second half of the…