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Texas Ruminant MBM Trades Higher

Ryan Standard | 04.20.2021 | Jacobsen

Ruminant meat and bone meal (MBM) traded higher out of the Texas Panhandle market this afternoon. Sellers are starting to see more interest in the mixed species material. The July soybean meal (SBM) contract settled at $414.70/ST today and is up 3.8 percent over the last five trading sessions. Ruminant MBM remains well valued versus soybean meal and buyers may be upping their inclusions for May at these lower prices. Through today, the April market is averaging…

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Texas Ruminant MBM Trades Higher

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