Market Activity

Ruminant MBM was reported higher out of the Illinois market as well as the Dal/Hou today, $270 and 285, respectively. Trading elsewhere was quiet with most reporting the market well sold and snug from a supply perspective. Bean meal prices were back up again today, but midday trading was short of cutting yesterday’s losses in half. With that stated, the current market is well above the 30 day average and that combined with tight supplies are giving the sellers some…