It was a quiet market this afternoon with no action reported. Sellers continued to express confident/bullish sentiments.
Porcine MBM saw a big jump from the prior week’s average, up $28. Ruminant was up as well, $16. Sellers continue to report limited availability on the porcine and demand from the blend sector has spilled into ruminant, driving the prices higher.
The surging MBM markets have pulled FM up as well, with the weekly average jumping $16…
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Biodiesel margins rise, but window of opportunity limited
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Gulf prices average higher despite weeklong declines in SBO
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Bloodmeal largest price mover week on week; November cattle on feed higher
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