Market Activity

Trading was very quiet to close out the week with no changes reported. Ruminant MBM out of the Mo. River market is closing the month of September at a 70.6% relative price to nearby soybean meal. That should generate more interest from the feed sector, but October has not been historically kind to the MBM sellers. Prices haven’t increased in October relative to September since 2010. From 2011 – 2017 the average downswing is $48.86. Export demand could keep any price…