Supply Disruptions and Strong Demand Add Risk for Higher Protein Prices

Ruminant MBM traded at higher levels today. Strong local and export demand are driving the price increases. Cattle slaughter is forecast to increase in the coming weeks as seasonal production rises, but plant shutdowns and slowdowns are likely keep the market rife with supply side uncertainty over the next few weeks. A stronger porcine MBM market is likely to lend strength to the ruminant market in the short…