Porcine MBM traded higher today, continuing the bullish run. Substantial pet food and export demand have contributed to tighter spot availability, pushing numbers above the $400 FOB mark out of a number of locations. Sellers are seeing export prices near $500 FOB, well supported by the soybean meal market. Historically, January has been one of the worst performing months in terms of price increases relative to the month prior. Over the last five years, prices have increased just once. In February values have increased four of five years relative to January. The one instance of…