Market Activity

Trading was quiet to close out the week.

Porcine MBM price lost $8 compared to last week’s average and have fallen $47 over the last four weeks. The risk for lower prices remains in the market with heavy hog numbers anticipated during the second half of August. July finished the month with a relative price to soybean meal for Mo. River porcine MBM at 93.3% This is 7.3 points under the prior three year average of 100.6% Given the favorable ratio to soybean…