Market Activity

Trading was typically Monday quiet in the market today.

Last week saw the feather meal market stabilize with the weekly average flat at $347. The ruminant and porcine markets saw their weekly average up $3 compared to the prior week’s average. Given the favorable ratios to bean meal, 64%, 75% and 110% for ruminant MBM, porcine MBM and feather meal, respectively, the market should be nearing a bottom. Strong export tonnage for Nov and Dec, as well as a few…