Porcine and ruminant meat and bone meal (MBM) moved lower again today. Increased supply continues to weigh on the market. There are reports of higher quality, plant specific material trading above the printed range and some mixed species trading below, but the bulk of activity is captured in the printed values.

Feather meal prices moved lower this week on steady supplies and weakening demand. The fundamentals suggest prices should move higher basis a favorable price to soybean meal, but values…