Market Activity

MBM traded higher into the Eastern market today, up $5 from last week. The spread of MBM into the Eastern market versus the Mid South and Delmarva feed grade poultry by meal market has grown to $57.50. The prior three year average is a $35.80 premium for MBM to the Mid South market and $15.33 premium for MBM versus the Delmarva market. Given the surging meat and bone meal markets, both ruminant and porcine, and the widening spread to alternative products, there is…