MBM Prices Move Higher on Strong Nearby Demand

Both porcine and ruminant MBM prices moved higher today with livestock and pet food buyers both showing strong demand for the nearby position. A run on pet food over the last couple of weeks, driven by some stockpiling tied to travel restrictions, is driving strong demand in the nearby window. Additionally, buyers in the livestock feed sector are building a pipeline in an effort to mitigate any potential supply disruptions that may…