Buyers Resistant to Higher MBM Offers

Buyers Resistant to Higher MBM Offers

Ruminant MBM traded higher out of the Missouri River market this afternoon, up to range of $300 – 370. Sellers of both mixed species and pure beef material were out with higher top-end offers which have thus far gone unsold. The strength in the soybean meal market is driving the higher offers, but buyers have been resistant to price increases. For April, the Missouri River ruminant MBM market is averaging 81 percent of the price of nearby soybean meal (SBM). The prior three-year average for April is 79 percent. Looking at today’s market, the average falls slightly to 79 percent. The prior three-year average for May is 76 percent. Succinctly put, meat and bone meal…

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