Ruminant MBM trading was reported $205 – 250 out of the Mo. River market today, $260 topside out of IL. Sources continue to report the same dynamics, strong headwinds into the blend sector, but pet food is paying values at the top end of the range. Those with export licenses are moving material at much higher prices.
Blood meal trading was quiet today, but sources suggested the trading range may be headed lower next week. Cattle kills were estimated at 609,000 head for the week, down 3,000 from last week, but up 11,000 head compared to the same week last year.
Please contact Ryan Standard at 563.223.9021 or [email protected] with any questions, comments or trading.
Broiler-fryer slaughter under federal inspection for 12-May-17 and 13-May-17 is estimated to be 34,356,000 head down 3.92 percent from a week ago and up 1.5 percent from a year ago. (Last week 35,759,000, last year 33,832,000)
Weekly broiler-fryer slaughter under federal inspection for the week ending 13-May-17 is estimated to be 166,646,000 head up 2.95 percent from a week ago, and up 2.57 percent from a year ago. (Last week 161,870,000, last year 162,473,000)