Market Activity

Ruminant MBM action was reported sideways out of the Mo. River, Panhandle and IL markets. Ruminant MBM continues to run well below historical ratios to soybean meal. Today’s ratio of 62.5% is 19.5 points lower than the 2014 – 2016 November average of 82%.

Figure 1.

Porcine MBM was reported in a wide…