Market Activity

Trading was mostly sideways today in the protein market. Illinois renderer MBM did move down by $5. While trading was sideways, negative momentum continues to build in the market, especially the blood meal market. Reports of distressed loads at unspecified pricing have been common this week and sellers have been aggressive in making sure that they aren’t holding loads late in the week. There haven’t been any indications that the market is at a bottom, but the…