Bloodmeal Prices Continue to See Support at Higher Levels

Bloodmeal trading continues at strong levels with porcine trading over $1000 FOB this week. Trading out of the IA-MO-NE market hit a relative price to soybean meal of 310 percent in March, 60 points under the prior three year average. Given the typical upward swing in the relative price in the spring and early summer months, it’s reasonable to expect bloodmeal prices to stay steady in the near term. Shipping issues are…