The protein market was quiet to close out the week. Over the last month ruminant MBM prices fell 14 percent, porcine prices have held steady. There is risk for additional downward movement in the market with supply forecast to increase through August for pork and beef. However, prices should be at a level to start to attract additional interest for the August formulations. Through the first half of the month, Missouri River porcine MBM has a relative price to soybean meal of 72 percent. The low relative price has helped to increase export demand over the last few weeks, which has contributed to the steady pricing. The strong export demand is expected to continue in the near term and while the additional supply may limit the upside in the near term, the favorable pricing to soybean meal and other alternatives are…