Ruminant MBM Prices Fall

Ruminant MBM Prices Fall

Trading was done lower on ruminant MBM today with the top end of the Panhandle and Mo. River markets falling to a high of $210. Porcine trading was relatively steady and big volumes of product purchased for export is adding some stability to the market. Through the first half of June, porcine MBM has a relative price to nearby soybean meal of 77 percent, 8.5 points below the prior three year average. Heavy production in in 2019 pushed relative prices well below 2017 and 2018 levels. Strong export…

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