Market Activity

Ruminant MBM traded sidweways this afternoon, action on porcine MBM moved higher. 

Feathermeal prices have moved higher this week, despite pressure from additional supply in the market. Values relative to soybean meal had been precipitously declining since July. Mid South values fell from a relative price of 157.5% in July to 123.2% in September. At average price of $380 FOB, the Mid South market now sits at a relative price of 120.2%, 3.4 points higher…