Market Activity

Mo. River ruminant MBM closed out the month of May at a relative price to nearby SBM of 68%, the lowest relative price for the month of May in the 18-year record on file. As has been discussed ad nauseum, there is a big number of cattle forecast to come through the slaughterhouses in June which will keep the market well supplied with material. Looking at the history, the relative price to bean meal typically increases in the June – Aug time period, which is the high…