Market Activity

With the exception of some light volume in the porcine MBM market at steady values FOB Mo. River and a load of pork blood at $825 Midwest, the market was very quiet today. The bean meal market coming off $14 lent some support to the buyers’ arguments that the fundaments weren’t supporting the recent rise in protein values. Typical to most Fridays, sellers were sold out for the week.

Figure 1.

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