Porcine MBM prices are up $25 over the last four weeks out of the Missouri River market. Production interruptions during the Labor Day break and stronger soybean meal prices have helped the market rally through September. Despite the cash prices for MBM, the relative price to soybean meal for porcine MBM is relatively static. Through today, the monthly average relative price to soybean meal for September is 68.8 percent, 12 percentage points under the prior September record low of 81 percent. Capacity in rations for the domestic market is an issue with buyers commenting that, “MBM is stuffed everywhere it can be at these values.” All veg diets and limited demand capacity are responsible for the record low relative prices in the porcine and ruminant MBM markets, but the higher soybean meal prices and reduced livestock slaughter in some export markets should add export demand to the US market. Both Vietnam and Mexico have historically been big importers of US porcine MBM. At 69…