Market Activity

Ruminant MBM trading was done steady to lower this afternoon. Mo. River traded at $275 – 300 with Panhandle trading coming in at $280 – 290. There is still plenty of trading to be done this week with buyers continuing to press for lower prices due to heavy supplies in the market. Sellers are seeing a strong soybean meal board and hoping to keep prices steady, if not higher. Many have commented that it’s a good thing kills are so tight in the cattle market, it’s one…