Market Activity

MBM action was steady today with no changes reported. Sellers remain nervous about the future, as they should be, with supply increasing and demand static, at best.

Feather meal prices continue to decline with the AL/GA market dropping $10 this week. Demand from the blend sector continues to be weak and that drop combined with strong production and a higher-than-usual price to bean meal has pushed the market lower. The risk for lower prices looks to continue…