Market Activity

There was a decent amount of action for a Monday in the protein market. Ruminant MBM traded in good volume at $365 – 370 FOB Mo. River with light trading done as high as $377. Sources suggested that bean meal basis levels are starting to fall in the Southeast and buyers may be including much more SBM unless prices come down. Values have been high relative to Midwest trading over the last several weeks, much to the chagrin of protein buyers. Porcine trading was…