Trading was lower on ruminant MBM today as cheaper mixed species material and increased production combine to driver the entire market lower. It is reasonable to expect the topside of the porcine MBM market to fall this week as trading for producer porcine material is trading in the mid-$200’s. Ruminant MBM traded at an average of 97 percent of the price of nearby soybean meal in May, up 29 points compared to the prior three year average. With more production coming online there is risk for prices to regress towards the prior three year…