Meat and bone meal prices were steady for both ruminant and porcine material today. There is risk for higher prices basis a stronger soybean meal market and the renewal of trade with Indonesia. Strong production is likely to act as a counterbalance to the upward momentum and limit the upside of the market in the near term. Through today, the August average relative price for ruminant MBM out of the Texas Panhandle market is 50.6 percent. With soybean meal increasing over the last week it’s reasonable to expect some…