Market Activity

Ruminant MBM continues to exhibit strength with trading done at $330 – 340 this afternoon. The panhandle market was up with the bottom side reported at $310. Porcine sellers were able to push prices higher to close out the week as well, $350 out of the Mo. River market and a ceiling of $350 FOB Eastern IA/IL.

Even with the jumps, MBM remains well priced against both cash and nearby SBM. At an average of $335, Mo. River MBM has a ratio of 92% relative to cash…