Market Activity

The ruminant MBM market seems to be searching for direction with plenty of discussion on direction heard today, but little trading. There was some action seen out of the Panhandle as low as $200. Porcine trading was reported as low as $270 FOB Eastern IA/IL.

Feathermeal saw higher trading nearly across the board today. Sources continue to report tight supplies, both because of the holiday season but from strong demand as well.

Figure 1.

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