Market Activity

Ruminant MBM trading was done in light volume at steady pricing out of the Mo. River this afternoon. Most sellers were sold out for the week and out of office messages were more commont today than talk of the animal protein market. Below is a look at the ruminant MBM market during June and July relative to the nearby soybean meal market. It truly has been a tale of two months with the MBM market bottoming out at $284 on June 30^th before starting a rally…