Porcine meat and bone meal (MBM) and bloodmeal traded higher today. Strong export demand for MBM helped give that market a boost coming off of the holiday weekend. Domestic bloodmeal demand is strong and mixed with the tight supplies, buyers have paid up to secure material. It’s reasonable to expect steady to higher prices in the near term due to supply constraints.
The strong porcine markets should pull on the ruminant markets, especially the MBM market. The Missouri River porcine MBM market is trading at a $107.50 premium to the average price of the…
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