Market Activity

Trading in the protein market was Monday quiet. Offers are out higher for ruminant MBM, but there were no sales made on which to gauge if the higher numbers are going to stick.

Cattle kills were estimated at 591,000 head to close out last week, the lowest non-holiday week this year. Despite the drop, kills were 4.8% ahead of last year and are projected to be 5.5% ahead of 2017 over the next five weeks. Kills are projected to increase through March with…