Market Activity

Trading was mostly quiet today, but the bearish sentiments in the ruminant MBM market continue. Momentum in the protein market continued throughout the markets this week. Ruminant MBM declines continued, falling $7 compared to last week’s average and down $16 over the last two weeks. Porcine trading was up $3 compared to last week and up $8 compared over the last two weeks. Supply is the large driver in both markets with porcine supplies tightening up and cattle…