Market Activity

Ruminant MBM traded at a high of $245 FOB Mo. River today, action was reported at the low end of the panhandle spread as well. Ruminant MBM should see improved demand for November formulations given the very favorable ratio to soybean meal and the wind down in slaughter. Export demand should also help give prices a boost, but strong porcine production and all veg diets continue to be a limiting factor. It’s reasonable to expect price to remain range bound in the…