Packer BFT Trades Higher, Relative Prices Continue to Run at Multi-Year Highs

Four cars of packer BFT traded higher late yesterday. Trading outside of the BFT market was quiet with people wrapping up business for the week and wondering what news will break over the weekend to change dynamics to start next week. Corn futures moved lower today, down to $3.46 bushel, which at 400 percent givens feed fat a value of $0.2471. The prior three year average for Missouri River packer BFT is…