Market Activity

Trading in the protein market was very quiet today.

Protein prices were fairly static last week with the only change seen coming from the porcine MBM market. The weekly average was up $8 compared to the week prior and up $24 over the last two weeks. Strong export demand has tightened up the nearby supply and in turn, driven prices higher. Given the wide spread to ruminant it’s reasonable to expect that ruminant prices should increase in the near future, but…