Market Activity

Feathermeal prices were $10 higher out of the AL/GA today, trading up to $400. Interior prices continue to see support from strong export demand as well as strong demand from the fertilizer sector. At $400 AL/GA, the relative price to soybean meal is up to 129%. The prior three year average for November is 106.7% and for December 106.8%. Those fundamentals would suggest that prices are headed for a downturn in December, but tight holiday supplies have historically…