Market Activity

Ruminant MBM prices were unchanged today. Porcine traded higher out of the Eastern markets, but was quiet in the Midwest. Sellers are asking higher prices in a few markets, but are getting pushback from sellers seeing more supply. Export demand for both porcine and ruminant is strong, but thus far that demand has not pushed domestic prices higher. Lower soybean meal prices have also hurt the sellers, but despite the soybean meal market falling 4.9% over the last six…