Tight, nearby supplies have contributed to a move higher in the animal protein market. Ruminant MBM prices traded up $5 – 17.50 this afternoon around the US. A wide spread to porcine and strong export demand contributed, on top of the supply constraints, to the move.

Feathermeal prices were up as well. Sources continue to indicate that container shortages are affecting the ability to export, but tight spot supplies in the nearby market pushed prices up by as much as $35 today. If soybean meal prices continue do trade in the $385 – 390 range, it’s…