Market Activity

Ruminant MBM continues to trade in a very wide range, $215 – 290 FOB Mo. River, with the bulk of action seen at $235 – 290 and within that range, $235 – 255 and $280 – 290. Buyers and sellers on both ends of the range are puzzled as to why the other end of the range is trading, but trading has been confirmed on both ends. Panhandle action was reported $220 – 240 this afternoon with heavy volume done at the $235 mark. Product delivered into the AL/GA market was…