Market Activity

Blood meal prices drifted lower again this week as sellers look levels to recapture dairy demand lost after the higher prices seen the last couple of months; the motths when the relative price of blood meal was trading at levels of nearly 60 points above the 3-year average.  The current relative price of ruminant and porcine blood meal to soybean meal futures at mid-week were just below 250% and about 90 percentage points below June.  The current relative…