Porcine MBM prices moved lower today, despite continued low numbers on the hog slaughter. After a rush to fill the surge of demand in March and early April, pet food demand appears to be slowing and historically the summer period has brought slower, spot demand as well. Prices topped out at $450 out of the Midwestern markets today.

Inedible meat meal exports were up in March, totaling 86,462 MT, up 12 percent from February and up 39 percent from March of 2019. Indonesia was the largest buyer at 22,396 MT…