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Big Premium in Porcine Market, Supportive of Higher Ruminant MBM Prices

Ryan Standard | 01.20.2021 | Jacobsen

Porcine MBM FOB Missouri River is trading at a premium of $55 to the ruminant MBM FOB Missouri River market. The prior three year average for January is $35.45, or $19.55 under the current price spread. The big difference in price suggests that ruminant MBM prices are due for a correction higher in the near term. On a pure protein basis, comparing the top end of the range porcine is trading at $7.50 per unit while ruminant is trading at $7 per unit. Those 50 cents spread across a feeding program, with flexibility between the…

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