Market Activity

Ruminant MBM trading was higher today topping out at $240 FOB Panhandle, IL and Mo. River. The surging soybean meal market continues to lend support to the MBM markets. Soybeans and soybean meal prices have seen big increases over the last week, driven largely by supply concerns tied to Argentine weather. The nearby CME price for soybean meal has increased by $38 since Feb 7, during the same time period the…