Market Activity

Ruminant and porcine MBM prices were sideways today with little indication of a move higher or lower in the short term.

Cattle slaughter tightened up last week, closing out at 596,000 head. The forecast calls for a move back above the 600,000 head mark with 605,000 projected for the next two weeks and a move up to 610,000 for the following two weeks. The strong slaughter will keep plenty of…