Ruminant MBM Trades Lower

Ruminant MBM Trades Lower

Ruminant MBM moved lower today out of the Panhandle and Missouri River markets. Strong supply continues to weigh on the market. Porcine trading was mostly steady, supported by strong export demand from Mexico and Vietnam. Soybean meal prices fell $3 today, but at $303 for the nearby contract, Missouri River ruminant MBM has a relative price of 53 percent. The fundamentals suggest that an upward correction is due basis the value of protein relative to soybean meal, but…

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03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

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Sellers see steady to higher prices on interior market trades

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Aprill broiler slaughter forecasted below 2023

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