Market Activity

Trading for ruminant MBM moved higher out of the Mo. River and Panhandle markets today, $195 – 220 and $185 – 220, respectively. Porcine MBM traded lower, $245 – 280 FOB Eastern IA/IL and Mo. River. Carolinas action was lower as well, $280 – 300. Strong hog kills continue to pump plenty of product into the market. Ruminant MBM prices are near a multi-year low with the ratio of ruminant MBM (Mo. River and PH average) to nearby SBM at 61%. Since 2013 the bottom is 60%…