Market Activity

Trading in the animal protein market was fairly quiet today. The only action reported was ruminant MBM out of the Mo. River market at $275 FOB. Ruminant continues to see pressure from a weaker porcine market. Vietnam has been a critical piece of the porcine MBM demand structure with their demand/price off sharply in the last part of March and into April the US market has reacted lower as supply builds in the US. US exports into Vietnam have been steadily increasing…