Market Activity

Ruminant MBM traded higher in a number of markets today, topping out at $305 into the AL/GA and Eastern markets and at $255 FOB Mo. River. Trading was done as low as $190 – 195 P/H, but good volume was seen at $230 – 240. Porcine MBM was traded higher throughout the country with the biggest jumps seen in the East, up $20. Reports have been mixed this week, with many suggesting that this rally has been largely driven by a holiday slaughter slump and that prices are…