Market Activity

Trading was flat today with the exception of the Minnesota feather meal market, which traded as high as $430 FOB. Pet grade poultry meal was reported in very light volume at $800 FOB Mid South.

MBM was steady for both porcine and ruminant today. The soybean meal market settled $1.60 lower today, the first down day since the Jan 11 close of $313. With SBM at $340.40, the relative price of Mo. River MBM to the March SBM price is 61%. These values should be a…