Ruminant MBM prices traded higher out of a number of markets today, pushing above the $300 level out of Illinois. Mixed species material remains anchored at the bottom but the wide spread adds risk for prices to move higher in the near term. Soybean meal recovered some of yesterday’s losses, settling up just over $2 on the December contract. At $376.90 for soybean meal, both ruminant and porcine MBM remain well valued versus soybean meal.

Figure 1.