Heavy Mixed Species Supplies Drive MBM Market Lower

Heavy Mixed Species Supplies Drive MBM Market Lower

Ruminant MBM prices fell to a low of $300 today FOB Missouri River and Texas Panhandle. Heavy supplies of mixed species material are pressuring the bottom end of the market. One would expect trading at $300 to pull the top end of the range lower, but demand for pure beef material remains strong. Feeding operations raising halal eligible poultry have been willing to pay the premium for pure beef material. Growth in that feed sector has increased the range between the low and high market…

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